Don't feed the banks

XRP

Ripple is a distributed network for international bank transfers. Unlike most blockchain networks, which are fully open and decentralised, Ripple uses a different consensus model that involves multiple rounds of validation by different network participants. XRP is the native token for the network, but is not required for every use case and product created by Ripple Labs.

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What is XRP?

Ripple was founded in 2012 and largely funded by sales of XRP, as well as venture capital investment. The organisation has established partnerships with several major banks, due to the ease with which its technology allows different currencies to be transferred between institutions, and continues to gain traction in the financial sector. Although Ripple is positioned as an alternative to existing international transfers and caters to banking partners, XRP has an active community within the cryptocurrency world and is enthusiastically traded on many large crypto exchanges.

1.922354 XRP = 1 AUD

XRP XRP	AUD Australian Dollar
0.01 XRP	0.0052 AUD
0.1 XRP	0.0520 AUD
1 XRP	0.5202 AUD
2 XRP	1.0404 AUD
3 XRP	1.5606 AUD
5 XRP	2.6010 AUD
10 XRP	5.2020 AUD
20 XRP	10.4039 AUD
50 XRP	26.0098 AUD
100 XRP	52.0196 AUD
1000 XRP	520.1955 AUD