Ripple Users Can Now Delete Accounts Via Ripple’s Xumm
Summary
- Users can now delete Ripple (XRP) accounts via the Xumm app.
- The Deletable Accounts Amendment enabled XRP account deletion allowing for users to recoup some of the 20 XRP activation reserve.
The Xumm App by XRPL Labs is an application that allows Ripple users to track their balance and send transactions using the XRP ledger. The app has now integrated the Deletable Accounts feature within the new Xumm 0.5.0 update according to WiestseWind, an XRPL developer.
The feature was tested by Twitter user “JamesRuleXRP”, confirming that users can now delete their XRP accounts via Xumm and receive a 15 XRP refund from the activation reserve. At the all-time high, 15 XRP would be worth over $45.
As Xumm enables users to delete Ripple accounts, more users will now be able to take advantage of this feature.
Deletable Accounts Ammendment
As reported earlier by The Crypto Associate, the Deletable Accounts Amendment allows users to delete their XRP account and receive 15 out of the 20 XRP they originally deposited as an activation reserve.
Following development for over a year, the amendment was recently put up for voting on the blockchain. More importantly, the amendment formally passed on May 8th, 2020 at 4:29 AM UTC.
The Delectable Accounts Amendment is significant to the Ripple community as it may help better Ripple XRP’s current distribution of coins. Currently, over 70% of the circulating XRP supply is held by the top 100 accounts. This is likely due to users unwilling to pay the 20 XRP activation reserve which can be mitigated by storing XRP on an exchange. Thus, exchanges hold a large fraction of the circulating XRP. The new delectable accounts feature may encourage users to store their own XRP and in turn, improve the distribution of XRP.
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