Eric Trump Advocates For Crypto, Says Banks Need To Evolve Or Face Irrelevance
Eric Trump, a key figure in the Trump Organization, on Wednesday delivered a bold message to traditional banks: evolve or face irrelevance.
What Happened: Speaking with CNBC as the United Arab Emirates cements its role as a leading center for digital currencies, Trump highlighted the shortcomings of conventional financial systems, labeling them sluggish and overpriced.
He championed blockchain technology as a game-changer, offering swift, cost-effective solutions that could redefine how money moves globally.
Trump’s visit coincides with the Trump Organization’s growing footprint in the UAE’s real estate market, a region he sees as a beacon of innovation due to its crypto-friendly policies.
The Gulf nation’s welcoming regulatory environment has lured startups, investors, and major crypto events, positioning it as a global leader.
Trump, a staunch advocate for digital assets, sees decentralized finance (DeFi) as a …
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