XRP Ledger retries upgrade that lets banks split payment and compliance duties
The upgrade could activate Oct. 5, letting businesses give another account limited powers such as making payments or approving customers without handing over full control.
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Summary
- The XRP Ledger’s PermissionDelegationV1_1 upgrade could activate Oct. 5 if at least 28 of the network’s 35 trusted validators continue to support it.
- The feature would let accounts delegate limited duties, such as making payments or approving customers, without surrendering broader control of their keys.
- The revised upgrade fixes a flaw in an earlier version that could have allowed attackers to drain victims’ XRP balances through unauthorized transaction fees.
