Justin Sun aims to get TRON adopted as legal tender in 5 nations by 2023

admin January 29, 2023

0 1 minute read

Tron founder Justin Sun aims to have TRON (TRX) recognized as legal tender in five countries this year.on twitter threadSun said the goal was “ambitious” but “believed” it could become a reality.

on another twitter thread, Sun said it was important to look beyond the United States to ensure TRX’s adoption as legal tender. he wrote:

“The United States may be just one country and a major player in the crypto world, but it is much more than that.”

Sun acknowledged the importance of U.S. crypto regulation and said that if the rest of the world adopted Tron as a legal tender, the U.S. would eventually follow suit. He said it is important to work together and build partnerships with governments and businesses around the world.

St Martin considers TRX as legal tender

October 2022, Dominican Republic adoption TRX and six other Tron-based cryptocurrencies will be used as legal tender.

Earlier this week, MPs proposed a law If passed, TRON will become legal tender in the eastern Caribbean island nation of St. Martin. Similar to Dominica, St. Martin’s draft proposal proposes adopting Tron as the national blockchain.

How Legal Tender Adoption Helps TRON

According to Sun, adopting TRX as national legal tender will improve the “legitimacy and use” of cryptocurrencies.he I have written:

“When a government recognizes a digital currency as legal tender, it gives the general public a sense of trust and security, making them more likely to invest and use it.”

Moreover, as a legal tender, TRON will be a valid medium of exchange within the country. This will encourage more businesses to start accepting his TRX as a payment instrument, which in turn will encourage the use of cryptocurrencies, Sun explained.

He said government approval of TRX as a legal tender would make it easier for businesses and individuals to trade with TRX, leading to wider adoption. Increased adoption will not only “benefit the entire ecosystem,” but will also boost demand for TRX, driving up its price, he wrote, Sun.