Ripple Emerges as Major Wall Street Threat

According to a recent report by The Wall Street Journal, Ripple now asserts itself as a major competitor to Wall Street banks in a lucrative segment of the financial world that has been largely the domain of the big banks. The enterprise blockchain firm has become a major player when it comes to the financing of swaps for leveraged exchange-traded funds (ETFs). Such investment funds enable investors to gain more leverage over the price movements of individual stocks or stock market indexes by using derivatives like total return swaps.

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