On April 30, according to Cointelegraph, Trump's son Eric Trump told CNBC in Dubai that global banks must adopt cryptocurrencies or they will disappear within 10 years.
Eric Trump pointed out that the modern financial system is slow, expensive, and biased towards the super-rich. He criticized the global cross-border transfer network SWIFT as a "complete disaster". He said users can now instantly transfer money between wallets through decentralized financial (DeFi) apps or any cryptocurrency app without additional fees and volatility risks.
Trump's son Eric Trump: Without cryptocurrency, banks could disappear within 10 years
2025-04-30 08:09:09
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