TLDR
- XRP Ledger’s new credentials amendment adds tools for managing KYC and AML compliance.
- The Credentials amendment activates on Sept. 4, adding new transaction types.
- XRP’s price rose 400% in the last year, surpassing Bitcoin and Ethereum.
- Three key amendments recently activated on XRP Ledger, boosting network functionality.
The XRP Ledger is set to activate a major amendment in the coming hours. The Credentials amendment, aimed at enhancing compliance and authorization, is scheduled to go live on September 4, 2025, at 3:51:21 AM UTC. This update will bring new features for managing KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance directly on the XRP Ledger.
The Credentials amendment has received significant backing, with 82.86% of votes in favor from the community. The amendment introduces several new transaction types, including CredentialCreate, CredentialAccept, and CredentialDelete, which will allow users and institutions to manage credentials for compliance purposes.
The new features are expected to streamline the management of compliance requirements and provide more transparent and secure tracking of user credentials. The amendment aims to give businesses and institutions more tools for managing authorization, further positioning the XRP Ledger as a blockchain solution that can meet regulatory demands.
New Transaction Types and Compliance Features
One of the primary features of the Credentials amendment is the introduction of new transaction types. The CredentialCreate transaction allows users to create a credential within the ledger, while CredentialAccept is used to accept a credential that has been issued. Meanwhile, the CredentialDelete transaction will enable the deletion of credentials from the ledger.
These transactions offer a significant step forward in blockchain-based compliance, providing an immutable and verifiable system for handling sensitive information. The new amendment will also modify several existing transaction types to include a new field specifically for credentials, further enhancing the ledger’s functionality.
Additionally, the amendment will introduce a new type of ledger entry, further enhancing the XRP Ledger’s ability to manage compliance requirements across various sectors. With this change, businesses will be able to more easily ensure compliance with global KYC and AML regulations, a crucial step for enterprises operating in the financial services sector.
XRP Ledger’s Recent Amendments and Market Impact
The Credentials amendment follows the recent activation of three other significant upgrades on the XRP Ledger, including fixAMMv1_3, fixEnforceNFTokenTrustlineV2, and fixPayChanCancelAfter. These amendments were activated in the past week and aim to improve various aspects of the network’s functionality, such as enhancing token trustlines and payment channels.
As the XRP Ledger continues to evolve, its increasing focus on compliance and regulatory integration will likely attract more enterprises looking for blockchain solutions that comply with existing financial regulations. These updates signal a broader trend in the industry, with more projects looking to integrate blockchain technology into the financial ecosystem while ensuring they meet regulatory standards.
Meanwhile, XRP’s price performance has been strong, with the token up 400% over the past year, outperforming leading cryptocurrencies like Bitcoin and Ethereum. XRP’s rise in value reflects the increasing adoption of the XRP Ledger and its expanding role in the digital asset space.
XRP’s Performance and Prospects
XRP’s price has been on a bullish trajectory, with the token recently trading higher by 1.61% in the last 24 hours. As of today, 2025, XRP is priced at $2.87, and traders are optimistic about its future performance, with key resistance levels at $3.09 and $3.38. Should these levels be breached, XRP could target even higher values, including the $4 mark.
The rising value of XRP, coupled with the major network updates, paints a promising future for the cryptocurrency. The network’s continued development, especially with the recent amendments and new features like the Credentials amendment, further solidifies XRP’s position in the blockchain space.
