Is Xrp a Bridge Currency?

The digital currency, XRP, acts as a bridge currency to other currencies. It does not discriminate between any fiat/cryptocurrency, which makes it easy for any currency to be exchanged for another. Each currency on the ecosystem has its own gateway—e.g., CADBluzelle, BTCbitstamp, and USDsnapswap.

What type of currency is XRP?

XRP – which is the actual cryptocurrency – is a token which is used on the Ripple network to facilitate transfers of money between different currencies. Existing settlement systems generally use US dollars as a common currency for converting between other currencies.

Is XRP a fiat currency?

XRP: Ripple's Fast and Efficient Fiat Bridge. XRP enables a system that can outperform many established cryptocurrencies and legacy money transmission technologies. This has led to a world class payments system that minimizes intermediary processes and enhances the overall benefits to its users.