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Ripple says asset managers are preparing for XRP Ledger’s next payments upgrade

Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk

Published on CryptoNews: Source published: 2 min read
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Summary

Ripple announced that asset managers and commercial projects are preparing to utilize Batch V1.1, an upgrade to the XRP Ledger that groups up to eight transactions to settle atomically, meaning all transactions succeed or all fail together. Batch V1.1 is expected to activate shortly after September 29, pending sufficient validator support above 80 percent. The upgrade follows a redesign and thorough security review after a critical flaw was found in the original Batch V1.0 version.

Why it matters

The Batch feature enables delivery-versus-payment transactions, ensuring simultaneous transfer of assets and payments, which is particularly important for trustless settlements. It also allows exchanges, wallets, and marketplaces to process service fees alongside customer payments in a single operation. According to Ripple, enabling Batch V1.1 supports commercial projects moving closer to production that were already building with this feature in mind.

Key context

The original Batch V1.0 amendment was withdrawn after a critical flaw was discovered in the signature-validation process in February, which could have allowed unauthorized transactions. This flaw was resolved before activation, and the feature underwent a deep redesign and expanded security review, including adversarial testing, AI-assisted analysis, a bug bounty contest, and audits by Halborn and Common Prefix. The amended feature was released in the XRPL daemon (xrpld) version 3.3.0 in early August and is now undergoing a validator vote for activation.

Key numbers and entities

Ripple, XRP Ledger validators (35 tracked, with 30 currently supporting Batch V1.1), Ayo Akinyele (head of engineering at RippleX), security firms Halborn and Common Prefix, xrpld version 3.3.0, and the activation countdown initiated on September 15 for potential activation shortly after September 29, conditional on over 80% validator support.

What remains unclear

The source does not specify which exact asset managers or commercial projects are preparing to use Batch V1.1, nor does it provide a definitive launch timeline beyond the conditional activation date. Details on the specific use cases or partners involved post-activation are also pending further disclosure from Ripple.

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