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Eric Trump: "Banks will disappear within 10 years" - cryptocurrency will revolutionize outdated financial system

2025/05/01 08:59 (Updated 2025/05/12 16:02)

CoinPost

Written by Lewis Kikutani

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Eric Trump: "Banks will disappear within 10 years" - cryptocurrency will revolutionize outdated financial system

Banks are outdated

Eric Trump, vice president of the Trump Organization and second son of US President Donald Trump, strongly criticized the modern financial system as "broken, slow and expensive" in an interview with CNBC on April 30. He particularly pointed out that interbank transfers, which rely on outdated technology such as the SWIFT system dating back to 1973, are "an absolute disaster" and take several days to send money internationally, and argued that this slowness benefits the super-rich rather than ordinary citizens.

In a recent interview with FOX Business, Eric revealed that what woke him up to the importance of virtual currencies was "malicious attacks by banks." "...

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