XRP Ledger Implements Built-in KYC Features in Significant September Update

XRP Ledger Upgrade: On September 4, the XRP Ledger activated a significant protocol upgrade called "Credentials," enabling native identity verification and compliance tools directly on the blockchain, approved by over 80% of network validators.

Privacy and Compliance: The upgrade allows businesses to verify user identities on-chain while keeping personal documents private, introducing new transaction types for credential management and enabling credential-gated transactions without compromising user privacy.

Institutional Adoption: Ripple positions the Credentials feature as essential for institutional adoption, facilitating compliance with regulatory requirements while maintaining decentralization, and allowing institutions to enforce specific credential types for transactions.

Future Developments: The activation of the Credentials amendment is seen as a foundation for further development of permissioned tools and features, aiming to bridge decentralized finance with regulatory compliance, with potential expansions based on market demand.