Eric Trump warns banks to adjust or face extinction while Blockchain overturns the legacy

Banks remained about a decade, unless Blocchain, Eric Trump warned during Stop in Dubai, inviting the traditional financial system slow, expensive and at the exit.

During the visit to Dubai, Eric Trump warned that banks have about a decade to adjust hi Technology or person outdated because decentralized funding continues to grow.

To an interview With CNBC, Eric Trump, the executive vice president of Trump’s organization, criticized the traditional financial system, calling it “broken” and “slow” and “syllable” and “expensive”. He added that Blockchain technology could offer top solutions, saying “There is nothing that cannot be done on the block, which cannot be done better than the way the current financial institutions work.”

Trump also called Swift, a global network of financial messages responsible for processing almost 90% of cross-border transactions, as “absolute disasters”, criticizing the global banking system for “antiques” and too focus on ultra-rich.

“Our banking system favors ultra wealthy. And what actually caught me in (cryptocurrency) the fact that our banking system was armed against the huge majority of people who have no zeros on their balance or people who could move out again in Boos.”

Eric Trump

While the UAE is difficult to try to become a global hub for crypto, Trump’s comments seem to reflect its growing support of cryptocurrency. He also predicted that bitcoin (Btc) would reach a million dollars, referring to your potential as an alternative to banners.

Eric Trump seems to have around at Ethereum (ElAlso. Return at the beginning of February, when Eth floated about $ 2,900, he shared a post on X saying that “Great time to add Ethereum” and even thanked later “Thank you later.”

That post didn’t quite stay. About five weeks later, Est sets over 30% to $ 1,900, and Eric Trump softly deleted “Thank you later” part of his part.