WSJ Says Ripple Is Emerging as a Bank Competitor
This report is based on information published by coinpedia.org. The Wall Street Journal says Ripple is expanding across several financial services and is becoming a major competitor to banks.
This report is based on information published by coinpedia.org. The Wall Street Journal reports that Ripple is expanding across stablecoins, custody, cross-border payments and prime brokerage.
According to the report, Ripple is moving further into areas traditionally associated with Wall Street banks and is being described as a "major competitor" to them.
Key Takeaways
- The Wall Street Journal reports that Ripple is active in stablecoins, custody, cross-border payments and prime brokerage.
- The report says Ripple is edging into Wall Street's turf and becoming a major competitor to banks.
- A Ripple supporter says the WSJ piece shows Ripple becoming a prime intermediary in the leveraged-ETF market.
Context
Ripple is best known in crypto for its payments-related business and its XRP token. The latest report focuses on its broader push into financial services that overlap with offerings from traditional banks.
Deconstruct Early-Stage Web3 Token Audits & Vesting Cliffs
Learn to evaluate on-chain liquidity locks, contract audit ratings, and founder KYC verifications.