{"id":10061,"date":"2023-01-29T17:18:57","date_gmt":"2023-01-29T17:18:57","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=10061"},"modified":"2023-01-29T17:18:58","modified_gmt":"2023-01-29T17:18:58","slug":"justin-sun-aims-to-get-tron-adopted-as-legal-tender-in-5-nations-by-2023","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=10061","title":{"rendered":"Justin Sun aims to get TRON adopted as legal tender in 5 nations by 2023"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Tron founder Justin Sun aims to get TRON (TRX) accepted as legal tender in 5 countries this year. In a Twitter thread, Sun said that while the goal is \u201cambitious,\u201d he is \u201cconfident\u201d that it can become a reality.<\/p>\n<p>In a separate Twitter thread, Sun said it is important to look beyond the U.S. to get TRX adopted as legal tender. He wrote:<\/p>\n<p>\u201cThe US is just one country, and while it may be a major player in the crypto world, it\u2019s not the only one.\u201d<\/p>\n<p>Sun acknowledged the importance of U.S. crypto regulations and said that if the rest of the world adopts TRON as legal tender, the U.S. will eventually follow suit. Therefore, he said it is important to work on a global scale and build partnerships with governments and businesses worldwide.<\/p>\n<h2>St. Maarten eyeing TRX as legal tender<\/h2>\n<p>In October 2022, the Commonwealth of Dominica adopted TRX and six other Tron-based cryptocurrencies as legal tender.<\/p>\n<p>Earlier this week, a member of parliament proposed a law that, if passed, would make Tron legal tender in the eastern Caribbean island nation of St. Maarten. In line with Dominica, the St. Maarten draft law proposes adopting Tron as the national blockchain of the country.<\/p>\n<h2>How adoption as legal tender will help TRON<\/h2>\n<p>According to Sun, adopting TRX as legal tender across countries will increase the cryptocurrency\u2019s \u201clegitimacy and usage.\u201d He wrote:<\/p>\n<p>\u201cWhen a government recognizes a digital currency as legal tender, it gives a sense of trust and security to the general public, making it more likely to invest and use it.\u201d<\/p>\n<p>Moreover, as a legal tender, TRON will become a valid means of exchange in the country. This would encourage more businesses to start accepting TRX as a means of payment, which in turn will boost the cryptocurrency\u2019s usage, Sun explained.<\/p>\n<p>He said that government recognition as legal tender would make it easier for businesses and individuals to transact with TRX, leading to broader adoption. The increasing adoption will not only \u201cbenefit the entire ecosystem\u201d but also boost the demand for TRX, causing its price to increase, Sun wrote.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/justin-sun-aims-to-get-tron-adopted-as-legal-tender-in-5-nations-by-2023\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron founder Justin Sun aims to get TRON (TRX) accepted as legal tender in 5 countries this year. In a Twitter thread, Sun said that while the goal is \u201cambitious,\u201d he is \u201cconfident\u201d that it can become a reality. In a separate Twitter thread, Sun said it is important to look beyond the U.S. to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-10061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10061"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10061\/revisions"}],"predecessor-version":[{"id":10063,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10061\/revisions\/10063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/10062"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}