The founder of the TRON ecosystem revealed his intention of legalizing the asset in five nations by this year. According to a Twitter post, the crypto entrepreneur stated this was just the beginning of the wider adoption of cryptocurrency in general.
He then called the plan “ambitious” and is “confident” of turning it into a reality.
Sun, who is also the WTO ambassador of Grenada has emphasized the importance of looking beyond the U.S. for TRX adoption.
“The US is just one country, and while it may be a major player in the crypto world, it’s not the only one.”
Doubling down on the significance of adopting TRON as legal tender, he wrote if the asset is globally accepted, the U.S. will eventually follow suit.
Therefore, as per Sun, the need of the hour is to work on an international scale and forged alliances with governments and businesses across the planet.
Here’s How Being A Legal Tender Will Boost TRON
Sun claimed that the adoption of TRX as a medium of exchange across borders will improve the “legitimacy and usage” of the cryptocurrency. He wrote:
“When 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.”
This, in turn, would attract more businesses to start accepting TRX as a means of payment, thereby boosting the cryptocurrency’s usage, Sun explained.
The latest news comes after the TRON Founder, revealed on January 24 that St. Maarten is eyeing to embrace the asset.
Saint Martin, also known as the Lesser Antilles, or is a group of islands in the northern Caribbean Sea that are part of the Kingdom of the Netherlands.
For those new, TRON is a decentralized open-source blockchain network that enables users to easily communicate with one another and gives them access to a wide range of entertainment apps, such as images, movies, and games.
Recently, its founder Sun was revealed to be in charge of Singapore’s Huobi exchange, and not simply as a member of the Global Advisory Board.
The Singapore-based crypto exchange released a blog addressing some of the rumors that were circulating at the time, TronWeekly reported.