PANews April 30th report: According to CNBC, Eric Trump, Vice President of the Trump Organization and Donald Trump's son, openly criticized the traditional financial system at a cryptocurrency event in Dubai, stating that the SWIFT system is inefficient, and if the banking industry does not reform, it will be eliminated in ten years. He said, "The modern financial system has collapsed; it runs slowly and is costly. Everything blockchain technology can do will be better than the current financial institutions. SWIFT is simply a disaster. Our banking system favors the super-rich. What truly led me to delve into the cryptocurrency field was realizing that our banking system is used against the vast majority within our country. This forced me into the world of cryptocurrencies. I am telling you, if banks don’t pay attention to the coming changes, they will head towards extinction in ten years." He also praised decentralized finance as a way to circumvent traditional banking costs and lack of privacy. In recent years, Eric Trump has frequently visited this desert emirate as it quickly becomes a global hub for cryptocurrencies.