Eric Trump: ‘If banks don’t watch what’s coming, they’ll be extinct in ten years’

Key Points

“The modern financial system is broken, it’s slow, it’s expensive,” Eric Trump told CNBC in the UAE.
The executive vice president of the Trump Organization has made frequent visits to the desert sheikhdom in recent years as it rapidly becomes a global hub for cryptocurrency.
A vocal advocate of digital currencies, the younger Trump lauded decentralized finance as a way to bypass the costs and lack of privacy of traditional banks.

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