XRP Ledger Developers test zero-XRP reserve wallet creation code; sponsorship amendment not yet activated
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AT A GLANCE
XRP Ledger Testing a new wallet transaction type with the reserve paid by a sponsor.
Article
XRP Ledger Developers propose support for zero XRP wallet creation, with sponsors able to pay the reserve on behalf of users
PANews October 28 reported, citing CoinDesk, that XRP Ledger developers are testing a new transaction type, SponsoredAccountCreate. Under this design, existing accounts can create new accounts and pay the reserve on their behalf, and the new wallet’s XRP balance can be zero. Sponsors can also pay transaction fees on behalf of users, but do not control users’ private keys. Currently, each account must lock at least 1 XRP in reserve. The relevant code was submitted on October 15, remains under review, and depends on a sponsorship amendment that has not yet been activated on the mainnet. As of October 19, the amendment had received support from 11 voting validators; 29 votes are required for approval. Ripple previously partnered with Stripe subsidiary Privy to introduce embedded wallets for XRP Ledger applications, supporting RLUSD and AI delegated payments.
XRP Ledger Developers are testing a new transaction type, SponsoredAccountCreate.
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Under this design, existing accounts can create new accounts and pay the reserve on their behalf, and the new wallet’s XRP balance can be zero.
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Sponsors can also pay transaction fees on behalf of users, but do not control users’ private keys.
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Currently, each account must lock at least 1 XRP in reserve.
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The relevant code was submitted on October 15, remains under review, and depends on a sponsorship amendment that has not yet been activated on the mainnet.
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As of October 19, the amendment had received support from 11 voting validators; 29 votes are required for approval.
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Ripple previously partnered with Stripe subsidiary Privy to introduce embedded wallets for XRP Ledger applications, supporting RLUSD and AI delegated payments.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
In simple terms, existing accounts can create wallets for new users and pay the required reserve and transaction fees; the new wallets can start from zero XRP, but this feature has not completed review or launched.
Why it matters to readers
If the proposal is approved, new users creating XRP Ledger wallets would not need to prepare the reserve in advance; however, it is still unclear whether it will be officially enabled.
Beginners should distinguish between “a wallet can be created” and “the feature has launched”: the SponsoredAccountCreate mentioned in the report remains in the testing and review stages.
Risks and unknowns
The code review outcome has not yet been determined.
The sponsorship amendment has not yet been activated on the mainnet.
As of October 19 the number of supporting votes was 11 votes, while 29 votes are required for approval.
Whether it will actually launch and its adoption after launch remain unclear.
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reserves
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