XRP Ledger developers propose creating wallets with zero XRP for stablecoin payments
Source: CoinDesk ·
From the source
An experimental change would let companies cover the reserve for customer and AI-agent accounts, allowing users to start with stablecoins without first acquiring XRP. Developers working on the XRP Ledger are testing a way to create blockchain accounts with zero XRP in them, potentially allowing payment applications and automated software to operate without first depositing the cryptocurrency into every wallet. A code proposal submitted Oct. 15 introduces a transaction called SponsoredAccountCreate , which would allow an existing account to create another account and cover its reserve requirement. XRP Ledger currently requires a minimum reserve of 1 XRP for each account. That money remains locked while the account is active, preventing the network from being flooded with empty wallets. A company creating 100,000 separate accounts would need to set aside 100,000 XRP just to meet those reserve requirements. Under the proposed system, a sponsoring account would cover the reserve,…