BlockBeats News: On April 30th, Eric Trump, the second son of Trump, issued a warning to banks: change the way they operate, otherwise they will face extinction. The modern financial system has collapsed, with slow speed and high costs
Everything that can be done on blockchain is more efficient than the current operating methods of financial institutions. SWIFT is simply a disaster, "Eric Trump said on Tuesday, referring to the international messaging network for global financial transactions.
He fiercely criticized the slow and inefficient traditional banking system, calling it "outdated" - a critical viewpoint widely held by many, especially cryptocurrency enthusiasts. As the second son of US President Trump, Eric Trump has frequently visited the United Arab Emirates in recent years, while the Trump brand's real estate projects in the country and the wider Gulf region continue to expand, and this desert emirate is rapidly becoming a global cryptocurrency center.
As a staunch supporter of digital currencies, Eric Trump predicted at the Bitcoin MENA 2024 conference in Abu Dhabi in December last year that the price of Bitcoin would reach $1 million.
