Courtesy of WRCR.
Wall Street’s biggest banks are testing a system with digital payment companies to go crypto, or “tokenize their assets” in a market that some analysts predict could top $5 trillion by 2030. That’s according to Forbes. JPMorgan, Citi, U.S. Bank, and Wells Fargo will reportedly test shared-ledger technology known as “the regulated settlement network” with Visa and Mastercard. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge remains cautious when it comes to the crypto world…
Connor Mahoney of Mahoney Asset Management while there have been scams, there are companies, such as Robin Hood, that while controversial, are legit in this growing market…
Reuters reported Friday that Robinhood Markets, a company that’s been around for 11 years, and its new suite of new products demonstrate the app is showing it can mature “into a full-fledged financial services provider.”