Ripple Approves XLS-68 Sponsored Fees and Reserves Amendment on XRP Ledger
- —Ripple voted yes on the XLS-68 Sponsored Fees and Reserves amendment in XRPL 3.3.0
- —The amendment lets sponsors cover fees and reserves while users keep control of their keys
- —Mainnet activation needs 28 of 35 UNL validator votes (80% for two consecutive weeks)
- —Current consensus is 31.43%, with 11 UNL validators supporting the proposal
Why it matters: Lowering onboarding costs could accelerate institutional adoption of XRP Ledger for RWA and payments, but activation hinges on remaining validator votes.
Source: CoinGape