Eric Trump: Crypto Makes Banks Redundant, SWIFT is Obsolete

Posted: 2025-05-01 14:35:38 UTC

@CointelegraphCointelegraph

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#crypto

#cryptocurrency

#SWIFT

#banking

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This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.

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Last Updated

2025-05-01 14:35:53 UTC

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TL;DR;

Eric Trump comments on the SWIFT system and cryptocurrency, highlighting the inefficiencies of SWIFT and suggesting crypto's potential to replace banks.

Key Impact Areas

Inefficiencies of the SWIFT system for international money transfers

Potential of cryptocurrency to disrupt traditional banking

Crypto as a faster and cheaper alternative to SWIFT

Challenges

SWIFT system is slow, costly, and complex

Eric Trump: Crypto Makes Banks Redundant, SWIFT is Obsolete

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TL;DR;

Key Impact Areas

Challenges

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