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Backpack's Armani Ferrante says API-driven Wall Street could spawn new Robinhoods

NewsFeeds update

Backpack CEO Armani Ferrante said that if Wall Street's financial infrastructure became APIs developers could call directly, a five-person startup could build the next Robinhood. He said smart contracts could recreate traditional products, such as an S&P 500 tracker, at near-zero fees.

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Read the original on Odaily

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.