Wu Blockchain (@WuBlockchain): Eric Trump: DeFi is tearing apart the fee system that sustains the banks' "skyscrapers".
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Eric Trump: DeFi is tearing apart the fee system that sustains the banks' "skyscrapers". During an interview on the "Money Talks" podcast (Nov 27), Eric Trump discussed how using Bitcoin as loan collateral is disrupting traditional finance. He highlighted the key benefit: a user with $1 million in Bitcoin can get a loan immediately, avoiding the banks' 120-day KYC and paperwork.Trump noted that traditional banks like JPMorgan oppose this because they lose fees. He added that blockchain ensures stable collateralization and allows real-time adjustments if the Bitcoin price drops. Source：https://twitter.com/i/web/status/2003393862879052002