Justin Sun, a Grenada diplomat, wants TRX, the native of Tron, a smart contracting platform he co-founded, adopted as legal tender in at least five countries within a year.
Sun hopes TRX adoption will trigger global acceptance of crypto as legal tender
In a series of tweets posted on his official account, Sun expressed that his key performance indicator (KPI) for the new year was to see TRX widely accepted and used as legal tender in no less than five jurisdictions.
My KPI for 2023 is to get 5 countries to adopt #TRX as legal tender. š©š²šøš½
ā H.E. Justin Sunšš¬š©š©š²š„ā® (@justinsuntron) January 29, 2023
Sun, who also advises Huobi, a crypto exchange, expressed his hope that adopting TRX as a legal tender will see more cryptocurrencies receive legal recognition worldwide. He admitted the goal was ambitious but shared his belief that the TRON team could make it a reality through āhard work and dedication.ā
The Grenadian representative to the World Trade Organization (WTO) said that adopting TRX as a legal tender will ease the trading of goods and services and foster greater inclusivity and equity for financially marginalized populations.
Sun cautioned against people focusing too much on the United States while working towards TRXās legal tender status. Although he acknowledged the importance of United States regulation and their influence on crypto, Sun pointed out that more than 8b people on the planet also needed to be served.
As we work towards the adoption of #TRX as legal tender, let's not be too US-centric. USšŗšø regulation is important, but we should focus on the 8 billion people on Earth. The US is just one country, and while it may be a major player in the crypto world, it's not the only one.
ā H.E. Justin Sunšš¬š©š©š²š„ā® (@justinsuntron) January 29, 2023
The TRON founder believes that if the rest of the world adopts crypto as legal tender, the United States, which comprises about 3% of the worldās population, will eventually follow suit. He said that crypto could become a powerful tool for financial inclusion, so there was a need to educate people and create partnerships with governments and private institutions to promote its adoption. For that reason, Sun advocates for a global approach to creating greater crypto acceptance.
TRX is already legal tender in Dominica
Recently, legislators on the tiny Caribbean island of Sint Maarten proposed formally adopting the Tron as the nationās official blockchain infrastructure and TRX as legal tender.
Another milestone for #TRON! St Maarten to adopt TRON as legal tender marks another achievement for our push on worldwide blockchain adoption.https://t.co/HXEnouj0Le
ā H.E. Justin Sunšš¬š©š©š²š„ā® (@justinsuntron) January 23, 2023
The United Peopleās Party (UPP) head and second vice chairman of Sint Maartenās parliament, Rolando Brison, submitted the proposal. The lawmaker has long been a vocal proponent of the advantages of blockchain technology and cryptocurrencies for the island nationās citizens and economy.
Brison is reportedly working to propose to conform to the countryās Dutch-based legal system and local economy.
In October 2022, Sint Maartenās southern neighbor, the Commonwealth of Dominica, officially adopted seven TRON-based tokens as legal tender. The country also adopted TRON as its designated blockchain infrastructure.
It is official! All #TRON cryptos including #TRX #BTT #JST #NFT #USDD #USDT #TUSD are granted statutory status as authorized digital currency and medium of exchange in the commonwealth of Dominica effective on October 7th 2022 š©š² https://t.co/p97zJkzhUe pic.twitter.com/kbejwXrkXt
ā H.E. Justin Sunšš¬š©š©š²š„ā® (@justinsuntron) October 12, 2022
Earlier that year, Dominica passed a law governing the virtual asset space it drafted in conjunction with the Eastern Caribbean Central Bank (ECCB).
