Eric Trump recently said the SWIFT banking system is outdated and could soon be replaced by cryptocurrency. His comments in the UAE reflect a growing trend. Big banks like JP Morgan and Goldman Sachs are already testing blockchain technology. Ripple’s XRP is being used for many cross-border payments, and Trump-supported stablecoins like USD1 suggest that traditional money could move onto decentralized finance (DeFi) platforms.
Banks are turning to blockchain not just for faster transactions, but also to cut fees and avoid using old systems. The Trump Digital Assets Advisory Committee is pushing for quick crypto regulations, showing strong support at the top levels. Meanwhile, DeFi projects on Ethereum are speeding up the development of peer-to-peer financial tools.
Want a clearer look at which cryptocurrencies banks are actually using and how Trump-related projects might affect the money flow?
