👀Eric Trump recently stated that the SWIFT system is outdated and will eventually be replaced by cryptocurrency. The momentum to replace SWIFT with crypto is growing rapidly, with Eric Trump’s comments in the UAE reflecting broader trends. Major banks like JP Morgan and Goldman Sachs are intensifying their blockchain efforts. Ripple’s XRP is already facilitating numerous cross-border transactions, and Trump-backed stablecoins, such as USD1, highlight how traditional money could be integrated into decentralized finance (DeFi) networks.

Financial institutions are turning to blockchain not only for faster transactions but also to reduce high fees and modernize outdated systems. The Trump Digital Assets Advisory Committee's push for swift crypto legislation further indicates strong institutional support. Meanwhile, DeFi platforms on Ethereum are accelerating the development of peer-to-peer financial solutions.

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