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Ripple Vs Wall Street Banks: Why The Wall Street Journal Calls It A Major Competitor
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
The Wall Street Journal reports that Ripple, already active across stablecoins, custody, cross-border payments and prime brokerage, is now edging into Wall Street’s own turf and becoming a “major competitor” to banks. One XRP supporter says the WSJ piece shows Ripple quietly becoming a prime intermediary in the leveraged-ETF market, earning daily swap spreads from funds that lag their benchmarks for anyone holding them longer than a session. The supporter also argues post-crisis bank rules left that high-fee niche open to non-banks.
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