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.

1.731711 XRP = 1 AUD

XRP XRP	AUD Australian Dollar
0.01 XRP	0.0058 AUD
0.1 XRP	0.0577 AUD
1 XRP	0.5775 AUD
2 XRP	1.1549 AUD
3 XRP	1.7324 AUD
5 XRP	2.8873 AUD
10 XRP	5.7746 AUD
20 XRP	11.5493 AUD
50 XRP	28.8732 AUD
100 XRP	57.7463 AUD
1000 XRP	577.4634 AUD