Fiat Bridge

Crypto terminology for Fiat Settlement refers to the process of converting cryptocurrency back into traditional currency, ensuring seamless transactions between digital and fiat assets.

A Fiat Bridge refers to a service or system that allows users to convert traditional currencies, like the US dollar or euro, into cryptocurrencies. This process enables easier access to cryptocurrencies for people unfamiliar with the digital space, or those who prefer to start with familiar fiat currencies.Fiat bridges can take various forms, such as exchanges, payment processors, or over-the-counter (OTC) services. These platforms usually require users to create an account, verify their identity, and then deposit fiat currency, which can be exchanged for a range of cryptocurrencies.In addition to facilitating purchase, fiat bridges often cater to withdrawals, allowing users to convert their cryptocurrency back to fiat and transfer it to their bank accounts. This dual functionality helps to bridge the gap between traditional finance and the world of digital assets, making it easier for individuals and businesses to engage with cryptocurrencies.

Latest Resources and Blogs