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XRP Ledger lending proposal gains validator support, nears approval

The XRP Ledger's proposed lending system is gaining validator support and nears approval, with seven more votes needed. If activated, it would let institutions take fixed-term loans directly on the network.

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The XRP Ledger, a public blockchain, is moving closer to adding lending as a built-in feature. Validators, the operators that confirm activity on the network, have increased their support for the proposal in recent weeks. The plan is close to the approval level needed before it can be switched on.

If the upgrade goes live, financial institutions and other participants could arrange fixed-term lending directly on the XRP Ledger. The change would widen the network's role in institutional finance. The material does not describe how the lending terms would work in practice.

XRP$1.03down −24.49%over 1 month
$1.37$1.0314 Oct13 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

Network activity stayed busy on November 11, when 3.9 million transactions were recorded. Seven more validator votes are still needed before the proposal can be activated. The material does not give a date for that vote.

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