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Crypto

XRPL expands payment functions as Batch V1.1 nears activation on Sept. 29

XRP Ledger\'s major payments upgrade, Batch V1.1, is nearing mainnet activation. The amendment has entered a two-week period in which it must maintain support of at least 80 percent to be applied on Sept. 29. Batch V1.1 would bundle multiple transactions from several accounts for processing within the same ledger close, using an all-or-nothing atomic approach. The feature is expected to broaden use cases including institutional payments, coordinated settlement and multi-party settlement.

Crypto

XRP long-term investors should watch Sept. 29 for XRPL batch upgrade

XRP Ledger\'s batch (XLS-56) upgrade has passed its activation threshold, entering a 14-day countdown after receiving 82.86 percent support in validator voting. Under XRPL rules, if the level is maintained for two weeks, the upgrade will be applied automatically at 1406 UTC on Sept. 29. The change adds support for batching up to eight users\' transactions into a single package with all-or-nothing execution, enabling atomic settlement and other uses.