Post
Topic
Board Economics
Re: Will banks go on extinction if they do not adopt cryptocurrencies?
by
Franctoshi
on 24/07/2025, 20:11:03 UTC
The son of Donald Trump, Eric Trump, also the executive vice of the Trump Organization said banks can extinct in 10 years if they do not watch what is coming. I think what he meant is that if banks do not support cryptocurrencies.

He said modern financial system is broken. It is slow. It is expensive. There is nothing on the blockchain that can't be done better than the current financial institutions is working. Banks not working during weekends also not working more than 8am to 4pm which can be a disadvantage to those that is not able to pay money early before 4pm on Friday.

https://youtu.be/cLnNedcVgcU?si=wS2MAylU7I2LFfhC

What is your opinion about this.
Obviously, sometimes lf you have encountered a problem with transactions over the weekend that needs you go to the bank to get the issue resolved, especially on Saturdays, you will most likely go crazy seeing that you cannot do something as the banks are closed on weekends, especially in such a scenario when I was using just operating with only one bank and haven't been exposed to Bitcoin and cryptos, the issue occurred where I went to the market to get some food stuff, I made a transactions with my card and was debited without being paid