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

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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