{"id":24502,"date":"2025-04-30T12:01:39","date_gmt":"2025-04-30T12:01:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24502"},"modified":"2025-04-30T12:01:39","modified_gmt":"2025-04-30T12:01:39","slug":"eric-trump-warns-banks-could-be-extinct-in-10-years-if-they-dont-watch-whats-coming-touting-blockchain-as-better-alternative","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24502","title":{"rendered":"Eric Trump Warns Banks Could Be &#8216;Extinct In 10 Years&#8217; If They &#8216;Don&#8217;t Watch What&#8217;s Coming,&#8217; Touting Blockchain As &#8216;Better&#8217; Alternative"},"content":{"rendered":"<div>\n<p><strong>Eric Trump<\/strong>, executive vice president of the <strong>Trump Organization<\/strong> and the younger son of President <strong>Donald Trump<\/strong>, criticized the current financial system as outdated and inefficient, suggesting that cryptocurrency offers a faster and more cost-effective alternative. <\/p>\n<p><strong>What Happened:<\/strong> Speaking this week in Dubai, he warned that traditional banks could become obsolete within the next decade if they fail to adapt.<\/p>\n<p>In a thorough critique delivered during his visit to the UAE, which is an emerging hub for digital currencies, Trump called SWIFT &#8220;an absolute disaster.&#8221; <\/p>\n<p>He said, &#8220;there&#8217;s nothing that can be done on blockchain that can&#8217;t be done better than the way that the current financial institutions are working,&#8221; in a conversation <a href=\"https:\/\/www.cnbc.com\/2025\/04\/30\/eric-trump-if-banks-dont-watch-whats-coming-theyll-be-extinct-in-ten-years-.html\">with<\/a> CNBC.<\/p>\n<p>&#8220;The modern financial system is broken, it&#8217;s slow, it&#8217;s expensive,&#8221; he said. &#8220;If the banks don&#8217;t watch what&#8217;s coming, they&#8217;re going to be extinct in 10 years.&#8221; He argued that decentralized finance allows for private, low-cost transactions and said that the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/04\/45096881\/eric-trump-warns-banks-could-be-extinct-in-10-years-if-they-dont-watch-whats-coming-toutin\" alt=\"Eric\" trump warns banks could be in years if they watch what coming touting blockchain as alternative>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Eric Trump, executive vice president of the Trump Organization and the younger son of President Donald Trump, criticized the current financial system as outdated and inefficient, suggesting that cryptocurrency offers a faster and more cost-effective alternative. What Happened: Speaking this week in Dubai, he warned that traditional banks could become obsolete within the next decade [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24502","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24502"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24502\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}