Convert and Swap XRP XRP to South African Rand ZAR
XRP/ZAR: 1 XRP equals ZAR 40.13 ZAR
Last update: 10:37 PM, December 22, 2024
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XRP is falling this week.
The current price of XRP is ZAR 40.13 per XRP. With a circulating supply of 57,252,380,420 XRP, it means that XRP has a total market cap of ZAR 2,284,835,223,579.85. The amount of XRP traded has fallen by ZAR 53,698,956,941.76 in the last 24 hours, which is a 26.25% decrease. Additionally, in the last day, ZAR 204,538,278,716.58 worth of XRP has been traded.
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About XRP
XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. Built for enterprise use on a global scale, XRP powers cost-efficient cross-border payments.
XRP is a digital asset native to the XRP Ledger (XRPL), an open-source, decentralized blockchain technology. Launched in 2012, XRP was designed to facilitate faster, more affordable cross-border transactions. Unlike many other cryptocurrencies, XRP transactions can settle in 3-5 seconds, making it a highly efficient medium for transferring value. XRP is not mined, which contributes to its inherently green attributes, being both carbon-neutral and energy-efficient. The XRP Ledger, on which XRP operates, is maintained by a global community of developers, server operators, users, and businesses, all working collaboratively to enhance its functionality and solve problems.
XRP operates on the XRP Ledger, which uses a unique Federated Consensus mechanism to validate transactions. This consensus protocol involves designated independent servers, known as validators, which agree 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 immediately. All transactions are public and transparent, and anyone can operate a validator. The XRP Ledger is capable of settling thousands of transactions per second, making it highly scalable. It also features low transaction costs, which opens up a wide variety of potential blockchain use cases.
XRP has a wide variety of potential applications and use cases. It can be used by financial institutions to facilitate faster, more affordable cross-border payments. Individual consumers can use XRP to move different currencies around the world quickly and efficiently. XRP is also traded on more than 100 markets and exchanges worldwide, making it a popular choice for traders. The low transaction fees, reliability, and high speed of XRP enable traders to use it as high-speed, cost-efficient, and reliable collateral across trading venues. Developers can also use the XRP Ledger to create solutions that solve inefficiencies, including remittance and asset tokenization.
XRP was created in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto. They launched the XRP Ledger with its native currency XRP as a faster, more energy-efficient alternative to the Bitcoin blockchain. In September 2012, they founded the company that is today known as Ripple. The XRP Ledger architects gifted 80 billion XRP to Ripple so that the company could build use cases around the digital asset. Since its inception, XRP has been adopted by a global community of businesses and developers, and it continues to be used to solve real-world problems and generate real value.
How XRP and South African Rand differ
XRP and the South African Rand (ZAR) are both mediums of exchange, but they operate in fundamentally different ways. XRP is a digital asset native to the XRP Ledger, an open-source, decentralized blockchain technology. It was designed to facilitate faster, more affordable cross-border transactions, with transactions settling in just 3-5 seconds. Unlike traditional currencies like the ZAR, XRP is not mined, making it both carbon-neutral and energy-efficient. The XRP Ledger, on which XRP operates, is maintained by a global community of developers, server operators, users, and businesses. On the other hand, the ZAR is a traditional fiat currency issued and regulated by the South African Reserve Bank. It is used primarily within South Africa and is subject to the country's monetary policies. Transactions with the ZAR can take longer to process and may involve higher fees, especially for cross-border transfers. Unlike XRP, the ZAR's production and distribution have a physical footprint and are centralized. While XRP can be used by financial institutions for cross-border payments, individual consumers for quick currency transfers, and developers for creating solutions, the ZAR is primarily used for domestic transactions within South Africa.
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The exchange rate of XRP is decreasing.
The current value of 1 XRP is ZAR 40.13 ZAR. In other words, to buy 5 XRP, it would cost you ZAR 200.65 ZAR. Inversely, ZAR 1.00 ZAR would allow you to trade for 0.0249 XRP while ZAR 50.00 ZAR would convert to 1.2460 XRP, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 7.7%. Meanwhile, in the last 24 hours, the rate has changed by 1.93%, and that the the highest exchange rate of 1 XRP to South African Rand was ZAR 41.99 ZAR and the lowest 24 hour value was 1 XRP for ZAR 39.49 ZAR. This time last month, the value of 1 XRP was ZAR 26.72 ZAR, which is a 49.41% decrease from where it is now. Looking back a year, XRP has changed by ZAR 11.55 ZAR.
XRP to ZAR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
ZAR 41.25 ZAR | -1.93% | ZAR 42.66 ZAR | -7.70% | ZAR 26.72 ZAR | 49.41% | ZAR 11.55 ZAR | 257.97% |
XRP to ZAR
Amount | Today at 10:37 pm |
|---|---|
0.5 XRP | ZAR 20.06 |
1 XRP | ZAR 40.13 |
5 XRP | ZAR 200.65 |
10 XRP | ZAR 401.29 |
50 XRP | ZAR 2,006.47 |
100 XRP | ZAR 4,012.95 |
500 XRP | ZAR 20,064.75 |
1,000 XRP | ZAR 40,129.50 |
ZAR to XRP
Amount | Today at 10:37 pm |
|---|---|
0.5 ZAR | 0.0125 XRP |
1 ZAR | 0.0249 XRP |
5 ZAR | 0.12 XRP |
10 ZAR | 0.25 XRP |
50 ZAR | 1.25 XRP |
100 ZAR | 2.49 XRP |
500 ZAR | 12.46 XRP |
1,000 ZAR | 24.92 XRP |
Today vs. 24 hours ago
Amount | Today at 10:37 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 XRP | ZAR 20.06 | ZAR 20.60 | -2.59% |
1 XRP | ZAR 40.13 | ZAR 41.20 | -2.59% |
5 XRP | ZAR 200.65 | ZAR 205.99 | -2.59% |
10 XRP | ZAR 401.29 | ZAR 411.98 | -2.59% |
50 XRP | ZAR 2,006.47 | ZAR 2,059.91 | -2.59% |
100 XRP | ZAR 4,012.95 | ZAR 4,119.81 | -2.59% |
500 XRP | ZAR 20,064.75 | ZAR 20,599.05 | -2.59% |
1,000 XRP | ZAR 40,129.50 | ZAR 41,198.10 | -2.59% |
Today vs. 1 month ago
Amount | Today at 10:37 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 XRP | ZAR 20.06 | ZAR 13.49 | +48.73% |
1 XRP | ZAR 40.13 | ZAR 26.98 | +48.73% |
5 XRP | ZAR 200.65 | ZAR 134.91 | +48.73% |
10 XRP | ZAR 401.29 | ZAR 269.82 | +48.73% |
50 XRP | ZAR 2,006.47 | ZAR 1,349.12 | +48.73% |
100 XRP | ZAR 4,012.95 | ZAR 2,698.23 | +48.73% |
500 XRP | ZAR 20,064.75 | ZAR 13,491.17 | +48.73% |
1,000 XRP | ZAR 40,129.50 | ZAR 26,982.33 | +48.73% |
Today vs. 1 year ago
Amount | Today at 10:37 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 XRP | ZAR 20.06 | ZAR 5.72 | +250.95% |
1 XRP | ZAR 40.13 | ZAR 11.43 | +250.95% |
5 XRP | ZAR 200.65 | ZAR 57.17 | +250.95% |
10 XRP | ZAR 401.29 | ZAR 114.34 | +250.95% |
50 XRP | ZAR 2,006.47 | ZAR 571.72 | +250.95% |
100 XRP | ZAR 4,012.95 | ZAR 1,143.45 | +250.95% |
500 XRP | ZAR 20,064.75 | ZAR 5,717.23 | +250.95% |
1,000 XRP | ZAR 40,129.50 | ZAR 11,434.46 | +250.95% |
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