Currently, given the security associated with self-custody wallets, if someone loses their private keys or dies without sharing their details, the asset becomes permanently inaccessible. Hence, Leonidas believes activating the XRPL dead man’s switch could prevent associated loss of assets.
XRPL "dead man's switch" ☠️
⚠️One of the biggest concerns around crypto and self custody is the chance of losing your keys or failing to transfer ownership to an heir, in case of death.
There have been many examples of holders losing millions of tokens, including $XRP, due to…
— Leonidas (@LeoHadjiloizou) January 17, 2026
Notably, millions of dollars’ worth of crypto assets, including $XRP, have already been lost due to the death of the holder or loss of the private key. However, if a "dead man's switch" is added to $XRP Ledger, it will serve as a fail-safe mechanism.
The idea is that if the original account shows no activity for a predefined period, the system would automatically transfer the $XRP to the beneficiary’s account. This will prevent the loss of $XRP upon the death of the original holder.
Leonidas believes that the implementation of a dead man's switch could reduce the fear of losing funds forever. The feature will also make self-custody more attractive and increase long-term confidence in holding $XRP outside exchanges.
XRPL utility push gains momentum
In another development, a top Ripple developer Panos Mekras has advocated for a shift in speculative trading of $XRP. Mekras charged the community to build network utility and make $XRP Ledger a leading chain.
He opines that this will make for mass adoption and prevent XRPL from fading into irrelevance. Mekras insists that real usage and network activity will strengthen XRPL and stop it from underperforming relative to other blockchains.
Meanwhile, the COO of XRPL Labs and Xaman Wallet, Robert Kiuru, has said the next frontier of the $XRP Ledger ecosystem will be batch transactions. According to Kiuru, to make XRPL more sustainable, there is a need to build and operate proper businesses on the ledger.