Eric Trump, the second son of US President Donald Trump and a vocal cryptocurrency enthusiast, issued a stark warning during an interview in Dubai about the perilous state of traditional banking. He cautioned that if the industry fails to innovate, it risks becoming obsolete. In his capacity as Executive Vice President of the Trump Organization, Eric Trump noted that the current financial system is plagued by inefficiencies, characterized by sluggish operations and exorbitant costs. Additionally, he highlighted the potential of the United Arab Emirates to emerge as a prominent hub for cryptocurrency development.