#StablecoinPayments Eric Trump: SWIFT System Is Outdated—Crypto Is the Future

Eric Trump recently stated that the SWIFT system is “broken” and poised for replacement by cryptocurrency. His remarks in the UAE align with a growing global shift: major institutions like JPMorgan and Goldman Sachs are expanding their blockchain initiatives, signaling a broader transition away from traditional finance rails.

Ripple’s XRP already facilitates hundreds of cross-border payments, and emerging Trump-affiliated stablecoins like USD1 highlight how legacy currencies could be integrated into decentralized finance (DeFi) ecosystems. The appeal? Lower fees, faster transactions, and a break from outdated infrastructure.