Eric Trump, son of the US president, expressed the opinion that the banking industry may disappear within the next decade if it does not adapt to blockchain technologies. In his speech on CNBC, he noted that the traditional financial system is slow and expensive, while crypto applications already allow for instant and cheap money transfers.
Blockchain, according to Trump, offers significant advantages: speed, security, and cost reduction. Decentralized financial platforms (DeFi) allow bypassing intermediaries such as banks, making them less competitive. For example, the World Liberty Financial (WLF) platform, supported by Donald Trump, actively promotes DeFi solutions, particularly in Pakistan.
Eric emphasized that banks that do not implement blockchain risk falling out of the market. The surge in popularity of cryptocurrencies and tokens, despite market volatility, only confirms this trend. For example, in 2025, the number of new tokens reached 7 million, although many of them have no real value.
Blockchain technologies are already changing the financial system, and banks must act quickly to remain relevant. The future of finance is in decentralization and innovation.
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