In a move that would make Evelyn Waugh’s characters blush, the XRP Ledger is set to introduce a “Credentials” feature, a lightweight identity verification system that promises to uphold the delicate balance of KYC compliance and privacy. 🤵🏻♀️
Credentials are coming to the XRPL! 🎉
This new feature enables secure, lightweight identity verification, helping institutions meet KYC/AML compliance without sacrificing privacy or decentralization.
Let’s dive in… 🧵
— Mayukha Vadari (@msvadari) February 7, 2025
According to the esteemed RippleX senior software developer, Mayukha Vadari, this new feature will allow institutions to maintain their aristocratic airs while ensuring their clientele’s identities are as discreet as a Mayfair drawing-room. 🧐
The Credentials amendment is now up for voting, and if it passes, it will lay the groundwork for a simple onboarding procedure for accessing products such as tokenized RWAs, much to the delight of the crypto-savvy gentry. 💸
As the XRP Ledger prepares to don its new identity, one can’t help but wonder: will this be the start of a crypto-fueled Restoration comedy, or a cautionary tale of the perils of blending high society and blockchain? 🤔 Only time will tell, dear readers. 😏
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2025-02-08 18:10