XRP Ledger lending amendment garners 22 votes in favor, 7 votes short of activation threshold

November 12 - Ripple's XRP Ledger lending system for banks and payment companies has gained more validator support. As of Wednesday, the lending amendment and its first patch each received 22 votes, an increase of 3 votes from 19 on October 19.

The SingleAssetVault amendment, which provides funding pools for lending, received 23 votes. Both features must secure at least 29 votes from the 35 validators on the default list and maintain that support for two weeks before they can be activated. The system is intended to allow lenders to deposit XRP or other tokens into vaults, with loan brokers issuing fixed-term loans, and borrowers do not need to provide collateral.