JAKARTA Justin Sun is the founder of the crypto project TRON (TRX) which has been appointed as the representative of Granada for the world trade organization (WTO) since December 21, 2021. Not long ago, Sun expressed his optimism for the TRX crypto.
He believes TRX will be accepted as a legal tender in 5 countries throughout 2023. This was conveyed by Sun in a Twitter thread. Although the target is fairly ambitious, he believes the plan can come true.
In his post, Justin Sun targeted one of the largest countries in the world, the United States. The TRON founder conveyed the importance of targeting the US further so that TRX can be adopted as a legal transaction tool.
"AS is only one country, and although it may be the main player in the crypto world, the US is not the only one," said Justin Sun.
Cooperating With Governments in Various Countries
At the same time, Sun acknowledged the importance of US crypto regulations and said that if the whole world adopted TRON as a legal tender, the US would eventually follow suit. Therefore, he said it was important to work on a global scale and build partnerships with governments and businesses around the world.
Despite targeting the US market, Sun started his plans from small countries. It was seen in October 2022, where the Dominican Commonwealth decided to adopt TRX with six other TRON-based cryptocurrencies as its official transaction tool.
Earlier this week, a member of parliament proposed a law that, if passed, would make Tron a legal tender in the East Caribbean island nation, St. Maarten. In line with Dominic, St. Maarten proposed to adopt Tron as the country's national blockchain.
Government Recognition Will make Crypto Business easier
Furthermore, he assessed that the increasing use of TRX cryptocurrencies in a number of countries would also increase the adoption and legitimacy of cryptocurrencies in other countries.
"When the government recognizes digital currency as a legal tender, it provides trust and security to the general public, making it more likely to invest and use it," he said.
In addition, as a legal tender, TRON will become a legal medium of exchange in the country. This will encourage more businesses to start accepting TRX as a means of payment, which in turn will increase the use of cryptocurrencies, Sun explained, as reported by CryptoSlate.
TRX founders also outlined the importance of cooperation with the government. This is intended to gain government recognition and facilitate business as a transaction tool that will eventually expand cryptocurrency adoption in various countries.
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