Summary
- XRPL said it has rolled out an upgrade that expands the escrow feature to all issued tokens.
- With the “XLS-85” amendment, the escrow function—previously limited to XRP—can now be applied to stablecoins and other digital assets as well.
- RippleX said conditional payments for stablecoins and real-world assets (RWA) are now possible, potentially broadening use cases in institutional investment and corporate transactions.
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Ripple’s blockchain, the XRP Ledger (XRPL), has rolled out an upgrade that extends its escrow feature to all issued tokens.
According to BeInCrypto on the 13th (Korea time), the XRPL team said it activated the “XLS-85” amendment the previous day.
The amendment allows the escrow functionality—previously available only for XRP—to be applied to other digital assets issued on the XRP Ledger as well, including stablecoins (digital assets pegged in value to fiat currencies).
Escrow is a mechanism that automatically releases assets on a specified date or when contractual conditions are met. It can enhance transaction security and automate fund disbursement, making it useful for B2B transactions and the structuring of financial products.
RippleX said, “Conditional payments are now possible for a wide range of assets, including stablecoins and real-world assets (RWA),” adding that “the scope of use could broaden for institutional investment and corporate transactions as well.”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
