XRP Ledger has reduced the base reserve requirement from 10 XRP to 1 XRP to lower the barrier for user adoption

Odaily Planet Daily News Blockchain data shows that XRP Ledger has reduced the basic reserve requirement from 10 XRP to only 1 XRP on December 3. This allows new users to recharge their wallets with less cryptocurrency, which may lower the threshold for user adoption. At the same time, this also enables users to spend part of the XRP they originally had to hold as a reserve. The reserve change occurred at 6:45 am Beijing time today. The news was announced on the X platform by the XRP validator operator under the pseudonym Vet. At the same time, the owner reserve has also been reduced from 2 XRP to 0.2 XRP. This means that users only need to keep 0.2 XRP for each object held in their account. According to the XRP Ledger's documents, objects can include NFTs, trust lines, signer lists, or owner directories. Some oracles are also counted as objects and require owner reserves. (Cointelegraph)