XRP system costs skyrocketing -account reserve-

[fedlope]

Hello, 

With the price of XRP reaching 2, we have experienced a 400% increase in system costs, in just 15 days. 

Is there a plan to reduce the cost of the account reserve for each account? (20 USD) 

For an exchange, it is possible to have multiple shared account on the ledger, however for a payment system, full functionality would require individual client accounts (rippling issued currencies for example).

Currently 40 USD makes it in-viable to create individual accounts. 

 

 

 

 

[panmores]

 

[Guest]

19 minutes ago, fedlope said:

With the price of XRP reaching 2, we have experienced a 400% increase in system costs

Very good. If you are servicing many users, you should use destination tag instead. Hopefully this price increase will incentivize you to update your system, before the account reserve is lowered.

[Guest]

Make sure to have a look at XRPL Hooks, in particular the light account example