Justin Sun Wants Tron (TRX) to Become Legal Tender in 5 Countries This Year
Tron’s Founder – Justin Sun – said one of his primary targets is to see TRX becoming an official payment method in five different countries by the end of 2023.
He believes one of the nations to embrace the asset could be his homeland China.
The ‘Ambitious Goal’
In a recent Twitter thread, Sun raised hopes the native token of the Tron blockchain – TRX – could be accepted as legal tender by “at least” five nations this year. He posted the flags of Dominica and Sint Maarten, hinting they could be the first on the list.
My KPI for 2023 is to get 5 countries to adopt #TRX as legal tender.
— H.E. Justin Sun
₮ (@justinsuntron) January 29, 2023
The cryptocurrency exchange Huobi – where Sun serves as a member of the Global Advisory Board – partnered with Dominica in November last year to launch a national token on the Tron network.
Rolando Brison – leader of the United Peoples Party of Sain Maarten – recently revealed that the government had made its first steps towards enforcing cryptocurrency regulations and making TRX legal tender:
“Allowing cryptocurrency to continue totally unregulated in St. Maarten is extremely risky, and we have to be proactive.
Hence I use my right of initiative to bring this law with Tron Protocol at the forefront, with possibilities later for other blockchains to be incorporated; this too can be done in line with other countries like St. Kitts, who I know are also working on their own legal tender legislation.”
Sun described the potential move as an “ambitious goal,” which could become a reality with “hard work and dedication.” He added that it could also pave the way for the future mass adoption and employment of cryptocurrencies.
Tron’s Founder went even further, saying the world’s most populous country – China – could “eventually” make TRX legal tender. Recall that the domestic authorities banned all cryptocurrency operations in 2021.
BTC Still the Only One
Bitcoin remains the only cryptocurrency embraced by nations’ authorities as legal tender so far.
The first to do so was the government of El Salvador in 2021, which also started accumulating BTC on a macroeconomic level and introduced several projects related to it.
One of the world’s poorest countries – the Central African Republic (CAR) – followed suit last year. It recently appointed a committee of 15 experts to design a cryptocurrency regulatory framework.
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