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xrp

XRP is a digital asset developed by Ripple Labs, designed to facilitate fast and low-cost cross-border payments. The XRP Ledger is a decentralized blockchain platform that supports quick settlements and high throughput. The main uses of XRP include serving as a bridge currency between financial institutions, reducing foreign exchange costs, and improving the efficiency of capital flow. Ripple's payment network integrates with traditional banking systems, with XRP acting as a liquidity tool to enable instant cross-border transactions.
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first_img XRP Ledger restarts upgrade, allowing accounts to split payment and compliance permissions

The PermissionDelegationV1_1 upgrade of the XRP Ledger entered a 14-day activation countdown on September 21, having received support from 29 of the 35 trusted validator nodes. If the support rate remains above 80% during this period, the upgrade could officially activate as early as October 5 at 11:18 UTC; at least 28 validator nodes must continue to support it, or the countdown will reset.This feature allows accounts to split permissions by role. For example, a stablecoin issuer can allow a connected compliance system to approve customer accounts holding its tokens while keeping the keys with full control offline; operational accounts can gain payment permissions but cannot change keys or delegate authority to others. Each trustee can have up to 10 permissions, and the main account can modify or revoke them at any time.This is the network's second attempt to introduce this feature. The original version had vulnerabilities that attackers could exploit to make others pay transaction fees with improperly signed transactions, and by repeatedly submitting high-fee transactions, they could deplete the victim's XRP balance. This vulnerability was reported by community testers on September 15, 2025, and validator nodes were advised to reject the amendment, so it was never activated. The fixed version was released with xrpld 3.3.0, changing the way unauthorized transactions are rejected, ensuring that fees are not deducted before signature verification.

Evernorth plans to issue bonds worth 30 million USD to increase its holdings in XRP, while Bitdeer reported a weekly production of 287 BTC and maintains zero holdings

According to BBX data, last weekend, global publicly listed treasury and mining companies in the U.S. announced their latest accounts regarding digital asset allocation, note financing, and liquidity management. The core updates are as follows:Evernorth Holdings plans to issue $30 million in convertible senior notes, specifically for increasing its holdings in XRP and ecological expansion: The treasury company Evernorth Holdings submitted an 8-K filing to the U.S. SEC, disclosing that it has signed a subscription agreement with a trust under South Korea's NH Investment & Securities, planning to issue convertible senior payment-in-kind (PIK) notes with a scale of $30 million, an annual interest rate of 4%, and maturing in 2031. The formal effectiveness of the notes is contingent upon the completion of the business merger transaction between Evernorth and the SPAC company Armada Acquisition Corp. II (expected to close in the fourth quarter of 2026). The proceeds will be fully used to purchase XRP in the secondary market and participate in XRP-related ecological businesses. Noteholders can convert the notes into the company's Class A common stock one year after the effective date, with an initial conversion price of approximately $10.20 per share.Bitdeer (NASDAQ: $BTDR) disclosed weekly mining data, producing 287.2 BTC fully liquidated: The Nasdaq-listed Bitcoin mining company Bitdeer announced its latest Bitcoin holdings data. As of the week of September 18, its self-operated Bitcoin mining output was 287.2 BTC, and it sold 287.2 BTC in the open market during the same period, resulting in a net addition of 0 BTC for the week. The balance sheet continues to implement a liquidity strategy of immediate sale upon production, maintaining zero Bitcoin retention.

first_img Ripple: Asset management institutions are preparing for the payment upgrade Batch V1.1 of the XRP Ledger

According to CoinDesk, Ripple stated that asset management companies and other commercial projects are preparing to use the Batch V1.1 feature of the XRP Ledger. This feature allows up to eight transactions to be combined into a single operation and ensures that all transactions either succeed or fail in an all-or-nothing manner, avoiding situations where one party completes settlement while the other fails.This upgrade is expected to support Delivery Versus Payment (DVP) transactions, allowing asset transfers and payments to be completed simultaneously, while also enabling exchanges, wallets, and market platforms to directly attach service fees to customer transactions for processing.RippleX Engineering Director Ayo Akinyele mentioned that some projects are already being developed around Batch, and once activated, it will bring related work closer to a production environment. Specific partners and launch times will be announced once plans are finalized. The amendment has received support from 30 of the 35 tracked validators on the XRP Ledger, exceeding the 28 votes required to enter the activation countdown. The countdown began on September 15, and if the validator support rate remains above 80% within 14 days, Batch V1.1 is expected to be activated shortly after September 29.Previously, researchers discovered serious flaws in the Batch V1 signature verification process in February, which could prematurely stop checking signatures under certain conditions, allowing attackers to unauthorizedly include transactions from other accounts. The developers subsequently withdrew the original version. Since the amendment had not yet been activated at that time, the vulnerability code did not run on the live ledger, and no funds were exposed.

first_img Ripple's new developer toolkit supports the AI payment standards of Stripe and Tempo

Ripple announced the expansion of its XRP Ledger developer suite to support the Machine Payment Protocol (MPP) co-developed by Stripe and Tempo, as well as the open wallet standard. The XRPL AI Starter Kit version 1.1 adds this support, enabling AI agents to use tokens like XRP and RLUSD to pay for online services such as data and computing power. Jazzi Cooper, head of RippleX products, stated that Ripple's goal is for XRP and RLUSD to become the preferred payment options for developers when building applications.MPP allows AI agents to pay on demand: the service provider quotes a price for the request, and after the agent authorizes the payment, the service provider delivers the resources. This standard was co-authored by payment company Stripe and payment chain Tempo. Ripple has supported another network payment standard, x402, since June, and now supports both standards simultaneously. The open wallet standard allows agents to initiate transactions without accessing private keys and includes security mechanisms such as spending limits and whitelisted destinations.XRP payment channels are suitable for small, high-frequency payment scenarios, allowing agents to deposit XRP once, run hundreds of payment queries, and authorize small expenditures sequentially, enabling the service provider to collect cumulative payments without having to put each query on-chain. Currently, single payments support tokens like RLUSD, but continuous payment sessions are limited to XRP, and incorporating stablecoins into the channel depends on the proposed ledger upgrade. This payment software is still in the testing phase.
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