Post
Topic
Board Bitcoin Discussion
Re: [VOTE] ISO Currency Code bringing Bitcoin into the mainstream financial markets
by
MiracleRiver
on 04/04/2013, 19:50:08 UTC
Just got this email today from www.xe.com.
When I emailed them 2 weeks ago they told me they were not considering it.
Now they have seen the news and their competitors listing Bitcoin :-)


Thanks for the info.

Given the increased interest in Bitcoin over the past couple of weeks we are considering it. Please note that even if we do list the curency, it's unlikely we'll be able to use the popular contraction BTC as there's a specific format to currency codes and this would contravene those properties.

An ISO 4217 currency code is generally built from the two digit ISO 3316 country code and a third letter for the currency. In this globally used format, BT would be the equivalent of the two letter country code. There are two problems caused by this:

a) Bitcoin is not a country
b) BT is already in use as an ISO3316 code for Bhutan

Since the ISO doesn't have a 4217 code for Bitcoin, but BTC would conflict with the existing global standards, it's unlikely that we would that 'code' if we were to list Bitcoins.

Thank you for your interest in our company and services.

Sincerely,


XE Currency Services Team


XE.com Inc. · 1145 Nicholson Rd · Suite 200 · Newmarket · Ontario · L3Y 9C3 · Canada
www.xe.com · +1 416 214-5606 · Fax +1 416 214-5607