Pro-Crypto Advocate Eric Trump Says Banks Risks Extinction If They Don’t Change Their Ways
Eric Trump, a prominent crypto stakeholder and Donald Trump’s second son, has issued a new warning to traditional financial institutions, particularly banks.
Eric Slams Current Banking System
During a recent interview with CNBC’s Dan Murphy in Dubai, Eric warned that banks might go extinct in the next 10 years if they do not change how they operate. He lambasted the traditional banking system, saying it is broken, slow, and expensive.
Additionally, he took a swipe at SWIFT, the global messaging network for financial institutions, calling it an ‘absolute disaster.’ This vintage financial messaging system sometimes takes days and exorbitant fees to settle transactions across borders.
In his view, transactions on the…
