Ripple CTO will work to lower the "20 XRP" requirement if XRP stays above $ 1

#Ripple's director of technology #David #Schwartz said he would be a supporter of a major change for #XRP , but with one condition: if the XRP price stays above $ 1 for at least two weeks.

Schwartz, his Twitter account in a statement , "xrp'n the price remains above $ 1 for two weeks, personally XRPL reserve requirements of 20/5 to 10/2'll begin to reduce defense." used the expressions.

As it is known, it is necessary to transfer at least 20 XRP to the address in order to open an account on XRP Ledger and make transactions. That is, there is a requirement that the user has a minimum of 20 XRP deposits / holdings in order to use an XRP wallet that they control. This does not apply to users who keep their XRP on the stock exchange.

Schwartz promises to advocate for this minimum XRP requirement to drop from 20 to 10 if the $ 1 condition is met. In addition, if this change occurs, when the account is closed, 2 XRP will be lost instead of 5 XRP.

Schwartz made an interesting breakout with XRP in December as well. The Ripple manager said that the XRP community could force Ripple to burn 48 billion XRP it holds. “Ripple can also do nothing to prevent this,” Schwartz continued. Open blockchains are democratic. If the majority want the rules to change, there is nothing the few can do to stop them. " he said.

XRP has seen a significant breakout in recent days. The cryptocurrency saw $ 1.39 today. Recent developments regarding XRP include the CoinGate platform's re-listing of XRP and the court denied the SEC's request to access Ripple executives' bank records.