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Eric TrumpExecutive Vice President of the Trump organization, suggested Banks that ignore cryptocurrencies run the risk of being left behind.
In a Interview with CNBC on April 30He said the The current financial system is outdated and unfair, which led him to explore the cryptocurrency.
He pointed out that banks are slow and expensive, and that the system is designed in a way that mainly benefits the very rich.
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According to Eric, this configuration will not remain for much longer. Said:
If banks do not observe what is coming, they will be extinguished in 10 years.
He explained that One of the main problems is how money moves in countries. Traditional tools, such as the Swift system used for international payments, are too slow and expensive.
Eric believes that Blockchain can do a better job. “Swift is an absolute disaster,” he said, added that blockchain -based solutions are more efficient.
In addition, Eric Mentioned decentralized finance applications (DEFI)that allow people to send money from one wallet to another almost instantly, without the high rates or delays often associated with traditional banking.
He said: “You can open a defi application at this time … and send money, wallet to the wallet, instantly, without spending, without variability.”
Recently, Donald Trump Jr. and Eric Trump supported a Bitcoin mining company through a company called American Bitcoin. What is the purpose of the company? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
With about a decade of experience in the Fintech industry, Aaron understands all the most important problems and struggles facing cryptography enthusiasts. He is a passionate analyst who is concerned about data -based content and based on facts, as well as the one who speaks for both web3 natives and for the newcomers of the industry.
Aaron is the reference person for everything and anything related to digital currencies. With a great passion for blockchain & web3 education, Aaron strives to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been summoned by multiple established means and is an author published. Even during his free time, he likes to investigate market trends and look for the next Supernova.
