XRP Ledger retries upgrade that lets banks split payment and compliance duties

An XRP Ledger account could soon let another account make payments or approve customers on its behalf without handing over the keys that control everything else.

The feature, called PermissionDelegationV1_1, entered a 14-day activation countdown on Sept. 21 after 29 of the network’s 35 trusted validators backed it. It could go live on Oct. 5 at 11:18 UTC if support remains at or above 80% throughout the period, according to the live amendment dashboard.

At least 28 validators must continue supporting it. Any drop below that level resets the clock.

The upgrade lets an account divide its authority by job. A stablecoin issuer could allow an internet-connected compliance system to approve customer accounts to hold its token while keeping the keys with full control offline.

A separate operations account could receive permission to make payments without gaining the power to change those keys or grant authority to somebody else. Each delegate can receive as many as 10 permissions, which the main account can later change or revoke, according to XRPL documentation.

PermissionDelegationV1_1 is the network’s second attempt at introducing the feature.