Benzinga Interview with TRON Founder Justin Sun: Blockchain Financial Services Will Drive Global Poverty Reduction
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Benzinga Interview with TRON Founder Justin Sun: Blockchain Financial Services Will Drive Global Poverty Reduction
As a key industry infrastructure, TRON will also play an important role in directly supporting global poverty reduction.
Navigating Web3 tides with focused insightsRecently, global financial media outlet Benzinga published an article titled "Exclusive Interview with TRON Founder Justin Sun: Blockchain Financial Services Will Help Alleviate Global Poverty," discussing in detail the real-world use cases of cryptocurrency worldwide. Justin Sun stated that in certain parts of Africa, people struggle to preserve the value of their accumulated wealth. Without access to bank accounts, they face significant financial exclusion. The emergence of blockchain technology offers an excellent, near-zero-cost solution, enabling individuals to open accounts, receive funds, and store value on the blockchain.
Justin Sun further emphasized, "I believe a major root cause of poverty is the lack of access to financial services. Outside the United States, 90% of users do not have U.S. bank accounts. TRON-based USDT provides these users with valuable opportunities to access U.S. dollars, as well as alternative solutions for payments and value storage."
Additionally, Justin Sun highlighted the rapid growth of the TRON network, which now processes between 9 million and 10 million transactions daily—an increase of 30% compared to 2022.
Sun's remarks underscore the potential of blockchain technology in addressing social challenges. If blockchain technology achieves broader adoption and effective implementation, it could make significant contributions to global economic development, poverty alleviation, and sustainable development. As a key industry infrastructure provider, TRON will play an important role in directly supporting global poverty reduction efforts.
Below is the original report:
Last Wednesday, TRON founder Justin Sun participated in the second episode of Benzinga’s virtual trading-themed program “Crypto Unlocked,” where he gave an in-depth interview focusing on real-world applications of cryptocurrency globally and TRON’s pivotal role as a primary issuance network for USDT.
In the interview, Justin Sun stated that blockchain technology meets fundamental human needs and that financial services can play a crucial role in alleviating global poverty.
"Many U.S. users may not realize that residents in most countries around the world find it extremely difficult to access U.S. dollars. Outside the United States, 90% of users don’t have U.S. bank accounts. TRON-based USDT provides these users with a valuable opportunity to access U.S. dollars, along with alternative options for making payments and storing value," he said.
Sun also emphasized that blockchain can offer lower-cost financial services, thereby helping reduce global poverty.
"I believe a major root cause of poverty lies in the lack of access to financial services. For example, in some parts of Africa, people struggle to preserve the value of their accumulated wealth. They don’t have bank accounts... But the emergence of blockchain technology provides an excellent, nearly zero-cost solution—people can open accounts, receive funds, and store value on the blockchain," he explained.
Sun added that because access to financial services is commonplace in the United States, people often take it for granted. "I believe blockchain will become one of the most important national infrastructures. In the future, using blockchain will be as common as buying gasoline or water in daily life—and at similarly low cost," he said.
Sun also highlighted the importance of stablecoins like USDT, which provide users outside the United States—who cannot open U.S. bank accounts—with access to U.S. dollars.
During the interview, Sun noted that the TRON network has been experiencing sustained rapid growth, handling 9 million to 10 million transactions per day—a 30% increase compared to 2022. TRON users can create accounts for free, with transaction fees averaging around $0.20 per transaction.
"Since its inception, the TRON network has facilitated hundreds of billions of dollars in transactions. Currently, the average daily transaction volume is approximately $14 billion. We believe these figures will continue to grow as more users develop such needs, especially those outside the United States," he said. "We will continue our efforts to expand TRON’s adoption and build it into one of the world’s most important Web3 and blockchain infrastructures."
Sun believes cryptocurrency will have its greatest impact in regions outside the United States, where residents have a stronger need for stable fiat currencies and traditional financial services.
"I’ve always believed the largest market for stablecoins lies outside the United States. We believe that in the future, everyone will need financial services and blockchain services. That’s why we aim to provide affordable, efficient services that meet fundamental needs for people around the world," he concluded.
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