The post Eric Trump warns about the extinction of traditional banks appeared on BitcoinEthereumNews.com.

Eric Trump has recently issued a strong and clear warning about banks opposed to crypto, stating that these institutions will be “extinct in 10 years”.  During an interview given to CNBC, he sharply criticized the traditional banking system, calling it broken, slow, and expensive, and outlined a clear and ambitious vision for the future of finance, based on cryptocurrencies and decentralized technologies like blockchain. Eric Trump predicts the end of banks opposed to crypto within ten years Eric Trump has attacked the current financial model, highlighting how that system primarily favors the ultra-ricco, leaving many common users behind. According to him, the current banking system has serious inefficiencies that make it incapable of adequately responding to contemporary needs.   The reasons for his complaint are based on three fundamental points: the slowness in daily operations, the excessive costs for clients, and the structure that perpetuates economic inequalities.  In this context, money management appears anachronistic, especially when compared to the speed and transparency offered by emerging technologies.    The perception is that traditional banks mainly support a narrow elite, while most people remain excluded from truly efficient financial products.  Trump emphasizes how this mechanism contributes to an unfair and counterproductive system for society as a whole.   In contrast with the critical landscape outlined for conventional banks, Eric Trump highlights the revolutionary role of cryptocurrencies and blockchain. These technologies, it indicates, have the potential to radically transform the financial sector, making it more efficient and less subject to manipulations.   Cryptocurrencies allow for the creation of an environment where everyone can access the same financial tools, without the exclusive control of large institutions.  The blockchain, in fact, is a technology that records transactions in a transparent and secure way, eliminating many of the inefficiencies and opacities typical of the traditional system. As a result, it…

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Filed under: News - @ April 30, 2025 8:19 pm