XRP Ledger Makes Major Compliance Leap with New ‘Credentials’ Update

A groundbreaking update to the XRP Ledger, dubbed the ‘Credentials’ amendment, is poised for activation later today, ushering in a new era of decentralized KYC and AML compliance. This transformative change will streamline regulatory management by enabling secure credential creation, acceptance, and deletion. The upgrade introduces three key transaction types: CredentialCreate, Credential Accept, and Credential Delete, facilitating smoother credential lookups and simplifying regulatory compliance processes for both users and institutions.