Eric Trump, Executive VP, The Trump Organization, made it clear that the UAE is far ahead of Europe when it comes to cryptocurrency.
Eric was joined by Zach Witkoff, co-founder, World Liberty Financial for a fireside chat moderated by Justin Sun, founder, TRON at Token 2049 being held in Dubai.
Highlighting the UAE’s vision for the future, Trump said Abu Dhabi and Dubai aren’t burdened by the past, instead they’re looking at the next 30 years which is why they have already taken the lead in decentralized finance.
Speaking about the UAE’s can-do attitude, Trump said:
“I have been travelling to Abu Dhabi and Dubai for over twenty years. I was here before the cities became this big and in 2011-2012, we built the Trump golf course which is very popular. We just announced the Trump hotel on Sheikh Zayed road two days ago. I always say the rest of the world has to be careful of the UAE for one reason, and that is because the UAE always arrives at the word yes.”
As the audience cheered his bullish pitch for crypto adoption, Eric also took potshots at the traditional banking system calling it outdated. “Crypto’s make banks redundant”, he said.
“It’s a joke, why do banks run 9-5 Monday through Friday with an hour and a half lunch break… the old financial system is broken”
Eric Trump also backed the U.S. under President Donald Trump saying they were going to win when it comes to crypto because the president believes in the future.
