XRP Ledger Upgrade Could Make Owning XRP Optional: Will Demand Fall?
The XRP Ledger wants to let banks pay network costs for their users. If validators agree, people could use the ledger without ever buying XRP.
Jazzi Cooper, head of product at RippleX, said the xrpld 3.3.0 release should arrive next week. It carries five proposed changes. One is called Sponsored Fees and Reserves.
Why Using the XRP Ledger Costs XRP Today
Every account on the ledger locks up 1 XRP. That amount cannot be spent or moved. Each extra item an account holds, such as a trustline, locks another 0.2 XRP.
Every transaction also burns a small fee. So a new user has to buy XRP first. Only then can they do anything else.
The upgrade changes who pays. A bank, issuer, or platform can cover both the fee and the locked amount. Users still hold their own accounts and keys.
Cooper called that requirement one of the biggest barriers for new users, and for institutional tokenization on XRPL.
"Users continue to own their accounts and keys, while removing one of the biggest onboarding hurdles: requiring every participant to acquire and manage XRP before they can interact with the network," Cooper said.
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