Justin Sun, a Grenada diplomat, wants TRX, the native currency of Tron, the smart contracting platform he co-founded, to be recognized as legal tender in at least five countries within a year.
Justin Sun hopes TRX adoption will trigger global acceptance of crypto as legal tender
Sun tweeted that his key performance indicator (KPI) for the new year was for TRX crypto to be widely accepted as legal tender across no less than five jurisdictions.
According to Sun, who advises Huobi, a crypto exchange, TRX’s legal recognition will help more cryptos gain legal recognition in the future. Although the goal was ambitious, he remained hopeful that the TRON team would be able to achieve it through hard work and dedication.
Tron (TRX) will ease trade in goods and services, and foster greater inclusivity and equity for financially marginalized populations, according to the Grenadian representative at the World Trade Organization (WTO).
The founder of TRON believes that if the rest of the world accepts cryptocurrency as legal tender, the United States, which accounts for about 3% of the global population, will eventually follow suit.
He stated that because cryptocurrency has the potential to be a powerful tool for financial inclusion, there is a need to educate people and form partnerships with governments and private institutions to promote its adoption. As a result, Sun advocates for a global approach to increasing crypto acceptance.
The Tron is already legal tender in Dominica
Legislators on the tiny Caribbean island of Sint Maarten recently proposed formally recognizing Tron as the nation’s official blockchain infrastructure and TRX as legal tender.
Rolando Brison, the United People’s Party (UPP) leader and second vice chairman of Sint Maarten’s parliament, submitted the proposal. The lawmaker has long been a vocal proponent of the benefits of blockchain technology and cryptocurrency to the citizens and economy of the island nation.
Brison is said to be working on a proposal that would conform to the country’s Dutch-based legal system and economy.