Another person who wants to change banking has emerged: Trump's second son calls for banking reform, with blockchain technology becoming the new focus

On April 30, Eric Trump, the second son of Trump, issued a warning to traditional banks: if they do not change their operating methods, banks will face extinction. He bluntly stated that the modern financial system has collapsed, being slow and costly, while blockchain technology far exceeds the operational models of current traditional financial institutions in efficiency. He also specifically criticized the global financial transaction messaging network SWIFT, calling it 'a complete disaster' and asserting that the traditional banking system has become 'outdated'.

As the second son of U.S. President Trump, Eric Trump has frequently visited the UAE in recent years, and the Trump brand's real estate projects continue to expand in the country and the broader Gulf region. The UAE is rapidly becoming a global cryptocurrency hub. Eric Trump is a strong supporter of digital currency, and during his participation in the Bitcoin MENA 2024 conference in Abu Dhabi last December, he even predicted that the price of Bitcoin would reach $1 million.

Another call for banking change has emerged, this time from Trump's second son. He criticized the inefficiency and obsolescence of traditional banks based on the efficiency of blockchain technology. This view is not uncommon among cryptocurrency enthusiasts, but it has garnered widespread attention coming from a figure like him. However, the transformation of traditional banks is not something that can happen overnight, as it involves complex issues related to regulation, technology, security, and more. Although blockchain technology has many advantages, fully replacing the traditional financial system will require time for validation and adjustment. $BTC