The Lab for Inclusive FinTech (LIFT) @BerkeleyHaas / @IBSI_at_Haas researches the potential for digital financial technologies to increase global financial inclusion.

Learn more about our partnership with LIFT in this 

The Lab for Inclusive FinTech (LIFT) @BerkeleyHaas / @IBSI_at_Haas researches the potential for digital financial technologies to increase global financial inclusion.  Learn more about our partnership with LIFT in this #RippleImpact  spotlight.  https://ripple.com/insights/ripple-impact-spotlight-lab-for-inclusive-fintech-lift-at-uc-berkeley/?utm_campaign=&utm_medium=organic_social&utm_source=twitter

Today (Sept 8), we are announcing intent to acquire Fortress Trust, part of the @Fortress_io suite of companies. Fortress Trust’s financial and regulatory infrastructure complements and expands Ripple’s comprehensive portfolio of blockchain solutions for finance. 

Today (Sept 8), we are announcing intent to acquire Fortress Trust, part of the @Fortress_io suite of companies. Fortress Trust’s financial and regulatory infrastructure complements and expands Ripple’s comprehensive portfolio of blockchain solutions for finance. https://ripple.com/ripple-press/leading-enterprise-crypto-company-ripple-acquires-fortress-trust/?utm_campaign=&utm_medium=organic_social&utm_source=twitter

We’re thrilled to announce Henson Orser, CEO at VARA, as our keynote speaker for 

 this year, taking place on Nov 8-9 in Dubai.

We’re thrilled to announce Henson Orser, CEO at VARA, as our keynote speaker for #RippleSwell  this year, taking place on Nov 8-9 in Dubai.

Evolution of Top-10 Coins in CoinMarketCap’s History (2013-2023)

XRP Surges Over 90% After Ripple's Partial Win Against SEC, Boosts Tokens Deemed Securities by the SEC

Delistings, Lawsuits and Unregistered Securities: How SEC's Actions Are Impacting Crypto

Crypto Market Frontier According to CMC Q1 2023 

Ripple's Garlinghouse Expects 'Pivotal' Securities Lawsuit Decision This Year 

## What Is XRP / XRP Ledger?

Launched in 2021, the [XRP Ledger (XRPL)](http://www.xrpl.org) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed  (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers. 


### Who Are the Founders of the XRP Ledger?

In 2012, David Schwartz, Jed McCaleb and Arthur Britto launched the XRP Ledger with its native currency XRP as a faster, more energy-efficient alternative to the Bitcoin blockchain. In September that year, along with Chris Larsen, they founded the company that is today known as Ripple.


#### What Makes XRPL Unique?

The XRP Ledger presents a wide variety of applications and use cases related to payments including micropayments, DeFi, and, soon, NFTs. Deployed in 2012, the XRPL supports enterprises and Python, Java and JavaScript developers with powerful utility and flexibility. On the XRP website, developers can access different tutorials to help them get started using different coding languages, building apps, managing accounts and more. 

Alongside its native coin, XRP, the XRP Ledger is used by developers to create solutions that solve inefficiencies, including remittance and asset tokenization. Currently, the five main applications of the XRP Ledger are payments, tokenization, DeFi, CBDCs and stablecoins.


#### How Many XRP Coins Are There in Circulation?

The XRP Ledger architects gifted 80 billion XRP to Ripple so that the company could build use cases — including its global payments network, RippleNet — around the digital asset.


### How Is the XRP Ledger Network Secured?

Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world. 

Through the Federated Consensus mechanism, all verified transactions can be processed without a single point of failure as no single participant makes a decision independently.


### Where Can You Buy XRP?
XRP is listed on many CeFi exchanges globally, including Binance, Huobi and Bitstamp. 

To learn more about this project, check out our deep dive of [XRP](https://coinmarketcap.com/alexandria/article/xrp-a-history).

### Ripple and the SEC

Since late 2020, Ripple Labs, the creators of the XRP token, has been locked in a legal battle with the United States Securities and Exchange Commission. The big question is whether or not XRP is a security.

On Dec. 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives on the grounds that they traded $1.3 billion in their XRP token as security without registering it with the commission. There have been arguments for and against the lawsuit. However, Ripple has strongly countered the claims, arguing that the SEC has been biased in its assessment.

The SEC uses the “Howey test,” based on the Supreme Court ruling on SEC v. W.J. Howey Co in 1946, to determine whether a cryptocurrency is a security. An asset is considered a security if it is sold with the expectation of getting profits from the efforts of other parties. Based on the commission’s definition of XRP in its lawsuit, the cryptocurrency would pass the Howey test, and according to SEC regulations, all securities must be registered.

While most companies targeted by the SEC in a similar matter chose to settle, Ripple decided to fight. The outcome of the lawsuit will undoubtedly have far-reaching implications in the crypto space. If Ripple prevails, the SEC could lose some of its credibility, giving other crypto-based companies the confidence to revolt. On the flip side, if the SEC wins the case, it could upend the way crypto firms operate and usher in a new wave of registration rules that apply to securities.



Currencies	Current Price
XRP NZD	$0.8715
XRP AUD	$0.8128
XRP CAD	$0.7098
XRP CHF	Fr 0.4783
XRP EUR	€0.4938
XRP GBP	£0.4284
XRP PHP	₱29.60
XRP BTC	0.00001944 BTC
XRP ETH	0.0003135 ETH
XRP BNB	0.002427 BNB
XRP ZAR	R 9.8871
XRP NGN	NGN 402.58
XRP SGD	S$0.7138
XRP INR	₹43.46

XRP to New Zealand Dollar Data

XRP to NZD History

XRP to NZD Chart

XRP to NZD Converter

XRP to NZD Conversion Rates

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