Ripple has been in the media in recent months for the latest developments on its products, but also because of regulatory uncertainty over the 39; opportunity to consider XRP a security or not.
The company worked to be far from XRP, however it does not seem to be an easy task.
To avoid problems with the US Securities and Exchange Commission (SEC), Ripple made the decision to introduce XRP Ledger v. 1.1.0. The new version includes new features such as the DepositPreAuth Amendment. This allows users to include senders' addresses in the whitelist and to pre-authorize incoming transactions. Regarding this, Ripple wrote:
"XRP Ledger version 1.1.0 also includes incremental enhancements to various previously released features (edit fjx1515), deprecate signing support and signing for commands from ; Rippled APIs and enhances invariant control for security optimization. "
In addition, the company has asked server operators to upgrade to XRP Ledger v. 1.1.0 by September 27th. Users who are unable to upgrade to the new version will become "blocked amendment". This means that they would not be able to determine the validity of a ledger. Furthermore, they would not be able to vote on future amendments and participations in the consensus process.
In addition, the company is also working to launch the commercial application of a new product focused on cryptography. As with Sagar Sarbhai, head of regulatory relations for the Asia-Pacific and the Middle East in Ripple, the company could release these products in a few months.
Also, during an interview with CNBC, he explained that the company had a very positive reception of the xRapid product, which is helping banks to process faster transactions using XRP cryptocurrency.
At the time of writing, XRP rose by almost 17%. Each XRP coin can be purchased for $ 0.323194 and has a market capitalization of $ 12.87 billion.