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.

What is Ripple?

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.

Ripple price chart

Market Cap:

0.700937 Ripple = 1 Australian Dollar (AUD)

XRP [Ripple]AUD [Australian Dollar]
0.01 Ripple=0.0143 Australian Dollar
0.1 Ripple=0.1427 Australian Dollar
1 Ripple=1.4267 Australian Dollar
2 Ripple=2.8533 Australian Dollar
3 Ripple=4.2800 Australian Dollar
5 Ripple=7.1333 Australian Dollar
10 Ripple=14.2666 Australian Dollar
20 Ripple=28.5332 Australian Dollar
50 Ripple=71.3330 Australian Dollar
100 Ripple=142.6661 Australian Dollar
1000 Ripple=1426.6607 Australian Dollar