A WEB 3.0 BLOG

''One of the XRP Ledger's most powerful features is the native ability to use XRP as a bridge currency on a decentralized exchange, whether for trades or for cross-currency payments'' - David Schwartz, CTO Ripple. A bridge currency provides a convenient means of sourcing for liquidity in other form of currency fiat or digital, and support the link for different DLTs interoperability. The ability of the XRP ledger to send value to any XRP ledger address, non XRP ledger addresses and banks without the need of a gateway or external liquidity provider makes the XRP a convenient bridge currency, and the only one in this category currently.  The more advanced auto bridging feature how ever, deepens the level of liquidity for the XRP ledger by providing access to decentralised exchanges '' by  merging order books of two issued currencies with XRP order books to create synthetic combined order books'' - (ripple). Example of Autobridging;