XRP Ledger Activates New Controls for Institutional Accounts
Photo: Pixabay (illustration)
TLDR XRP Ledger activated PermissionDelegationV1_1 on October 8, allowing businesses to assign account permissions without sharing private keys. The upgrade allows banks and stablecoin issuers to manage transactions while keeping primary account keys secure. Each delegated account can receive up to 10 permissions, which account owners can modify or revoke. XRPL developers warned against using PaymentBurn delegation until a separate fix addresses a known token creation risk. Developers are reviewing a validator voting issue as XRPL expands its tools for institutional financial operations.
Source: CoinCentral
