Justin Sun, an erstwhile intern at Ripple Lab, a shareholder, and an former Special Representative of Ripple Lab in China, has just clarified that Tron is a strategic partner of Ripple in China.
This was disclosed in an interview staged by Dragon TV. As shared by Tron Foundation on YouTube, founder Justin Sun in the interview elaborated his thoughts on blockchain technology and why he invented Tron.
When asked about the tricks behind the success of his projects, Justin Sun said he has been trying to do the right thing at the right time.
Sun said decentralization and deregulation introduced by blockchain technology has opened the FinTech industry to a great opportunity. He described decentralization and deregulation as a two-wheel drive that brings the finance industry in a good environment.
The millennial CEO added that his great entrepreneurship spirit is another major backbone behind the success of his projects.
When asked about the activities of Raybo Technologies, the company behind Tron, in China, Sun said Raybo is into a lot of things and has been a partner of Ripple Labs.
“When I came back from the US, I worked as a chief representative of the Silicon Valley Company in China for a while, and now, I am an agent,” Sun stated.
“The company is now our strategic partner.”
Justin Sun said Ripple Labs is working with Raybo Technology. Ripple now assists Chinese financial companies to execute cross-border transactions with ease.
Sun furthered that Ripple has brought the future closer by executing transactions at a very swift speed and low cost.
The interview anchor asked if Justin Sun is planning to create a different global financial clearing system, and the CEO responded that the global financial computing system is destined to change, and it’s a great opportunity to leverage it. Justin Sun said the revolution will come with two benefits.
Sun said with the advancement of technology, people will be able to do things they could not have done in the past with ease.
Secondly, while regulation is slowly liberalizing the liquidation market in China, the advancement is gradually liberalizing professionalism and supervision.
“So I think it is an excellent opportunity for us too,” Sun concluded.
Is Justin Sun Really at Shareholder at Ripple?
Although it has been long known that CEO Justin Sun worked at Ripple as their Special Representative and Adviser in China between 2014 and 2016, the Tron community was dumbfounded when the CEO displayed his support for Ripple when XRP toppled Ethereum on the market table.
As the worries, debate, and anxieties lingered at that time, Justin Sun issued a response clarifying that he is a shareholder of Ripple blockchain technology.
“As Ripple’s Greater China Chief Rep from 2014-16 and a Ripple shareholder, I’m confident financial institutions will adopt blockchain”, Sun stated in a tweet.