XRP News Update: Pi Network Faces ISO 20022 Hurdle—Building Trust to Rival Ripple and Stellar

Pi Network, a mobile-centric cryptocurrency boasting a user base exceeding 50 million, is emerging as a new player in the push to adopt the ISO 20022 financial messaging protocol,

. This development highlights a deliberate shift to connect blockchain solutions with established banking systems, as financial institutions worldwide gear up for a full transition to ISO 20022 by November 22, 2025.

Pi is nearing completion of its compliance modules, which are currently undergoing final sandbox evaluations. The team is working to deliver a version that will be compatible with institutions using SWIFT. Achieving this would allow for smooth interoperability—an essential requirement for institutional integration. The project is also putting its decentralized compliance APIs through rigorous testing, enabling both developers and financial organizations to instantly verify Pi transactions. These solutions are designed to tackle regulatory issues and boost transparency, a significant challenge for cryptocurrencies aiming for broad acceptance, according to

.

Pi's future plans feature two main initiatives: an inter-chain liquidity platform for exchanging Pi with stablecoins such as

, and a mobile payment application currently being piloted in Nigeria, Vietnam, and the Philippines. Initial results indicate that over 100,000 transactions have been processed within two weeks, with local authorities observing the trials closely. By concentrating on emerging economies, Pi aims to reach underserved communities, leveraging mobile-first technology to promote financial inclusion, as reported by Coinfomania.

The team has also initiated regulatory talks in Kenya, Indonesia, and Colombia, focusing on sandbox licensing and digital asset categorization. Experts believe these preliminary steps could help Pi gain recognition as a "compliant" digital asset in markets where regulations are still taking shape. Additionally, Pi has entered into confidentiality agreements with two undisclosed Asian fintech companies to explore remittance and microfinance scenarios, hinting at possible collaborations with established mobile banking networks, according to Coinfomania.

Ripple and

have long been advocates for ISO 20022 adoption, with RippleNet and Stellar's infrastructure already supporting cross-border payments that comply with the standard. Ripple's focus on enterprise clients, including partnerships with banks and payment processors, has positioned as a key liquidity bridge. Stellar, on the other hand, prioritizes financial access, powering remittance channels such as MoneyGram's USDC service. Both platforms benefit from years of institutional trust and technical advancement, giving them a strong position in the market, according to .

Pi, in contrast, offers a distinct advantage: a vast community of 50 million active users. While Ripple and Stellar primarily serve institutional partners, Pi's grassroots approach could drive adoption among individuals and small businesses. Its decentralized compliance features and the planned decentralized exchange are designed to further align with international financial regulations, potentially enabling peer-to-peer trading and liquidity farming by December 2025, as highlighted in

.

Some critics point to Pi's extended development timeline and the absence of transparent market metrics, including postponed open mainnet access and a lack of independent audits. The recent disclosure that the core team sold 1.2 million PI tokens has also sparked debate over the project's tokenomics and governance. Unlike Ripple and Stellar, Pi's regulatory compliance has yet to be proven in real-world institutional settings, and its ISO 20022 integration remains under evaluation.

Tom Zschach, SWIFT's Chief Innovation Officer, has stressed that technical compliance alone does not guarantee acceptance by the global banking sector. Elements such as trust, governance, and impartiality are vital. While Pi's decentralized node structure and community-led governance are in line with these values, institutional players are expected to require thorough validation before embracing the platform, as noted by CCN analysts.

Pi's prospects in the ISO 20022 arena depend on its ability to deliver on its roadmap, gain regulatory approval, and prove its practical value. Should it meet the November 2025 timeline alongside SWIFT's worldwide migration, Pi could emerge as a credible alternative to XRP and

for international payments. Nevertheless, with Ripple and Stellar already well-established, Pi will need to demonstrate not just compliance but also the scalability and reliability of its infrastructure to stand out in a highly regulated and competitive field.

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