news 
Eric Trump Warns Banks of Crypto Disruption
On May 1, 2025, Eric Trump, Executive Vice President at the Trump Organization, made a thought-provoking statement during a CNBC interview. He criticized traditional banking institutions for being outdated and inefficient, highlighting blockchain technology’s unparalleled advantages in reducing time and costs.
In his words, “The modern financial system is broken, it’s slow, it’s expensive. There’s nothing that can be done on blockchain that can’t be done better than the way that the current financial institutions are working. SWIFT is an absolute disaster.” These comments sparked a heated debate within the financial and technological communities.
Some experts have expressed concerns about the potential disruptions in traditional banking practices, while others remain skeptical due to cryptocurrency’s notorious volatility. Notably, Eric Trump’s views echo sentiments from other finance leaders who predicted the transformative impact of decentralized technologies.
Historical data indicates a steady rise in cryptocurrency adoption, which has been consistently increasing and presenting a credible challenge to established systems. This trend is not new; it has been gaining traction over the past few years.
Kanalcoin experts have observed that these patterns indicate a significant shift towards banking’s transformation. They emphasize ongoing developments as key indicators of impending change, underlining blockchain’s growing appeal for its efficiency and democratizing potential.
As an advocate for cryptocurrency, Eric Trump has consistently emphasized the flaws in traditional financial systems. His statements have reignited discussions about decentralized finance and its influence on the banking sector.
Source: https://www.kanalcoin.com/eric-trump-crypto-banks-warning/
