Scheduled Payments

[KhaledElawadi]

It occured to me that there may be a way to schedule payments on the XRPL by controlling the signing process and/or delaying the broadcasting of signed transactions.

This could probably be done at the front end via a payments app or by instructing/controlling the first node that's tasked with broadcasting the signed transaction.
An instruction field could be added to the transfer/payment/transaction to delay the broadcast until a scheduled time or the delay instruction could be broadcasted to all validators to delay the transaction to a scheduled time.

Open to ideas/comments on how this could be achieved?

[mvadari]

• Amendment Idea: Scheduled Transactions #394
• https://github.com/XRPLF/XRPL-Standards/tree/master/XLS-0078-subscriptions

[KhaledElawadi]

Excellent, so please take me through the process.

I want to make a scheduled payment to you on the first of the month, let's say because you are my landlord, so I sign a scheduled payment to your account a week early when I have the funds available but specify it's to be processed on the 1st of next month.

Is that rent payment now reserved from my account or can I make unfunded scheduled payments such as unfunded Direct Debits?

If it's unfunded will there be an option for it to be funded meaning I must have enough funds in my account to make the scheduled payment and it will be taken or reserved somehow in the meantime?

[mvadari]

I suggest you read through the specs and determine that yourself.

[KhaledElawadi]

I am reading the specs and have spotted you've suggested incentives for "relayers"?

Who are the relayers, why are they required and why should do they need incentivising?

[mvadari]

You should ask your questions in that spec and not here.