Eric Trump at TOKEN2049: SWIFT System Criticized, Crypto and XRP Touted as Future of Finance
During the TOKEN2049 conference in Dubai, Eric Trump, Executive Vice President of The Trump Organization, openly criticized the legacy SWIFT banking system, calling it ’broken’ and resistant to innovation. He predicted that cryptocurrencies, notably referencing their borderless, liquid, and accessible nature, will soon overtake traditional banks and financial systems. Trump specifically highlighted how blockchain and digital assets provide faster, cheaper financial services and could serve as a hedge against unreliable governments and currencies. His remarks fueled enthusiasm in the XRP community, as Ripple has positioned itself as a blockchain-based alternative to SWIFT. The conference, which drew over 15,000 participants from 160 countries, underscored the global momentum toward digital asset adoption and cross-border payment innovation. Eric Trump’s endorsement is aligned with growing recognition from business and political leaders that digital assets, especially XRP, could reshape the global financial landscape. For crypto traders, this high-profile support could accelerate institutional and retail interest in cryptocurrencies, particularly XRP, at a time when traditional banking systems face criticism and calls for reform.
Bullish
Eric Trump’s high-profile criticism of SWIFT and endorsement of cryptocurrencies, especially XRP, provide a strong vote of confidence from both business and political spheres. This is likely to generate increased interest and positive sentiment among crypto traders and the XRP community. Historically, support from prominent figures and the framing of digital assets as opportunities for financial modernization have led to short-term price surges, particularly for tokens directly mentioned, such as XRP. In the longer term, such endorsement may foster more institutional adoption, help legitimize XRP as an alternative to legacy payment systems, and solidify its role in the rapidly evolving cross-border payments space. The growing scrutiny of traditional banks and banking rails further intensifies this narrative, positioning XRP and similar projects for potential growth.