Virtual currency pioneer Justin Sun outlines ambitious plans to implement a 'Swift'-like system for the virtual asset industry, expressing optimism towards the advancements made in Hong Kong's cryptocurrency sector.
In an interview with the South China Morning Post, Tron founder and CEO Justin Sun shared his vision for the blockchain's future transaction volumes. Sun, 35, expressed confidence that Tron's transactions will surpass those of the traditional financial system's Swift in the next five years.
During the discussion, Sun predicted that this year alone, the transaction volume through Tron would reach an impressive $8 trillion. This expected growth showcases the growing influence of the Tron blockchain in stablecoin transactions globally.
Comparing Swift and Tron's transaction speeds, Sun stated that Tron processes transactions in seconds, while Swift takes days. However, the exact numerical figures comparing the two systems' speeds were not specified in the interview.
Sun's predictions extend beyond the current year, with the entrepreneur suggesting that the transaction volume through Tron can be boosted to a staggering US$300 trillion or even US$400 trillion in the future. This indicates Sun's belief in Tron's ability to handle transactions 10 times or even 100 times larger than Swift.
The interview focused on Sun's predictions about Tron's transaction volume, as well as the use of stablecoins on the Tron blockchain. Stablecoins, a type of cryptocurrency, have a fixed value by being pegged to a reference asset, such as the US dollar.
Despite the optimistic outlook, the interview did not discuss any potential challenges or risks associated with the use of stablecoins on the Tron blockchain.
In the context of the interview, Sun was referred to as a proponent within the Tron community or an analyst, who sees Tron as the "Visa of blockchain" due to its high throughput and fast transaction speeds. However, it's important to note that the person making the initial prediction about Tron's transaction volumes reaching up to 400 trillion US dollars was not explicitly named in the provided search results.
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