Justin Sun, the founder of Tron, believes that digital currency can learn from the success of traditional marketplaces. In a blog post, Justin Sun said that he might be on to something with this idea – and that digital currency could learn from how markets like TradFi have helped businesses reach a wider audience.
“I think digital currencies could learn from the success of digital marketplaces like TradFi. They can collect data and track results that other markets don’t be able to. This allows businesses to get a better sense for how their products are doing,” Sun said.
“Cryptocurrencies are going to learn a lot from how traditional finance operates,” Tron’s founder said. Sun believes cryptocurrency can learn from traditional finance methods, such as stock trading and investment, to improve its operations.
Justin Sun: “What traditional finance does better is it allows you to change your money all day to make more. But cryptocurrency doesn’t have that. It can do things that traditional finance cannot do. So cryptocurrency can learn what they can do from traditional finance, and then they can improve their practices.”
Sun’s Tron has a large audience on social media. Sun says that his company’s traffic is worth more than most news outlets. “We take their money and their data seriously,” Sun said.
Justin Sun suggests that users take action when they see a problem with the current system and start using blockchain technology to solve it. This could lead to a better solution, he argues.
The system has given rise to a “digital banking model,” where people shop with TradFi, and the software is set up in their name.
The company has big ambitions to become a global online platform for buying and selling blockchain technology, and Sun believes that Tron can learn from traditional finance methods to succeed.
He thinks you can look good on the market wearing long T-shirts and flip-flops. “The thing about stablecoins is that they’re not just investments; they’re also responsible for your money being in the system,” Sun said.