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.

1.338715 XRP = 1 AUD

XRP XRP	AUD Australian Dollar
0.01 XRP	0.0075 AUD
0.1 XRP	0.0747 AUD
1 XRP	0.7470 AUD
2 XRP	1.4940 AUD
3 XRP	2.2410 AUD
5 XRP	3.7349 AUD
10 XRP	7.4698 AUD
20 XRP	14.9397 AUD
50 XRP	37.3492 AUD
100 XRP	74.6985 AUD
1000 XRP	746.9849 AUD