Eric called traditional banking outdated and too slow for today’s fast-paced world.
“I believe that cryptocurrencies are the future,” he said. “Banking is slow as hell, it’s antiquated, and it doesn’t work. It doesn’t make any sense that banks run on 9-to-5 schedules, five days a week.” Let’s discover more how Eric Trump wants crypto to fix the current banking system.
Why Cryptocurrencies?
Cryptocurrencies, like Bitcoin, allow people to send and receive money anytime, anywhere, without relying on banks. Transactions are fast, often taking just a few minutes, compared to the days traditional banks might need to process payments.
Eric’s comments highlight the frustration many people feel with the banking system. He pointed out how inconvenient it is that banks are closed on weekends or holidays. This leaves people in a bind if they need to send money quickly. However, cryptos operate 24/7, making them a game-changer for those tired of waiting around.
JUST IN:
President-elect Trump’s son Eric Trump says cryptocurrency is the future.
“I believe that cryptocurrencies are the future. Banking is slow as hell, it’s antiquated, and it doesn’t work. It doesn’t make any sense that banks run on 9-to-5 schedules, five days a week.” pic.twitter.com/PhEEyCMFHJ
— Watcher.Guru (@WatcherGuru) December 10, 2024
Cryptocurrency isn’t just about speed. It’s also about giving people more control over their money. With traditional banks, you might feel like you’re jumping through hoops just to make a payment or transfer funds. Cryptocurrencies make these tasks simpler and more direct.
More About Trump & Cryptos
According to a report from Axios, US President-elect Trump plans to keep a close eye on the price of Bitcoin during his presidency. With cryptocurrency growing in the global economy, Trump’s administration is expected to focus on its market trends and impact.
JUST IN:
— Watcher.Guru (@WatcherGuru) December 10, 2024
This focus signals an acknowledgment of Bitcoin’s impact on financial innovation and its role in reshaping traditional systems. While details on specific policies remain unclear, the move highlights the increasing importance of cryptocurrency. It shows how cryptocurrency is becoming a key part of both national and international economic strategies.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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This articles is written by : Fady Askharoun Samy Askharoun
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