Blockchain library
Vitalii Mikheikin. Because ISO is a more advanced and adaptable standard than traditional legacy formats, processing data volumes for it must be much larger. The average XRP transaction tps settles in three seconds, compared to 45 minutes for Bitcoin. ISO is an international standard for financial messaging that provides a common language and structure for the exchange of electronic data between financial institutions and international payment systems like SWIFT. Therefore, real-time payments, daily liquidity management, compliance checks, and fraud detection and prevention will require faster processing rates from bank systems and databases.