"Capital One sent me a letter in the middle of the night stripping 300 bank accounts from [our properties] for doing absolutely nothing wrong." Trump told Payne that he met people in the crypto space and realized how brilliant they were and how "antiquated modern finance" had become. Trump painted a picture of traditional banking as slow and cumbersome and how crypto could speed up financial interactions."
"Trump said that unlike gold, which is heavy and cumbersome to move, bitcoin is finite, portable, and liquid. You can sell it from your phone at 11:00 p.m., he said. Trump emphasized that stablecoins can serve as a way to safeguard the U.S. dollar. He pointed out that cryptocurrency allows people worldwide who lack trust in their governments to hold digital U.S. dollars through stablecoins pegged 1:1 to the Treasury, offering a secure, fast, and global hedge."
Crypto is positioned to revolutionize finance and presented as a necessary evolution of the traditional financial system. Debanking experiences and long delays for routine banking actions illustrate vulnerabilities and inefficiencies in current banking, including slow mortgage approvals and reliance on SWIFT wires. Bitcoin is framed as a finite, portable, liquid asset with a hard cap of 21 million coins, enabling instant large transfers with minimal fees. Stablecoins pegged to the U.S. dollar are presented as tools to safeguard the dollar and allow global users lacking governmental trust to hold digital dollars as a secure, fast hedge.
Read at Bitcoin Magazine
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