Justin Sun wants TRON (TRX) to be a global legal tender

Justin Sun pledges to reduce TRX withdrawal fees on Binance

TL;DR Breakdown

  • Justin Sun has communicated his desire that his token, TRX, would one day be acknowledged and accepted as a kind of legal money all across the world.
  • Also, the activist said that by the end of the year, TRX will be recognized as legal tender in five countries.
  • The island nation of St. Maarten has decided to recognize TRX as legal tender, and the token is up recently.

Justin Sun, the activist who founded the TRON network, has expressed the hope that his token, TRX, may one day be recognized and accepted as a form of legal money all across the globe.

Justin Sun says regulation shouldn’t be US-centric

As Sun and his team work for the acceptance of TRX as legal money, they are not going to be too focused on the United States throughout this process.

According to Justin Sun, although the United States of America is a key participant in cryptocurrency, it is not the only one. Therefore, the industry should concentrate on the other 8 billion people on the planet rather than just the nation’s regulations.

The activist is of the opinion that if 7.7 billion individuals on the planet use cryptocurrency as a kind of legal cash, then the 300 million people living in the United States will do the same.

Sun continued by stating that the cryptocurrency sector needs to be operating on a global basis, teaching and forming relationships with enterprises and governments in nations all over the globe.

Cryptocurrency has the prospective to become an effective instrument for expanding access to financial services and bettering the lives of people in every region of the globe, he noted.

According to him, the adoption of cryptocurrencies as a form of legal cash would not only make it simpler to purchase and sell goods and services, but it would also give individuals a greater degree of control over their own financial destinies.

I am excited to see what the future holds for crypto as legal tender and for the potential impact on the world. Let’s not limit ourselves to just one country, let’s aim for the world!

Justin Sun

Sun hopes to have TRON legalized in five countries by year’s end

Additionally, Justin Sun divulged his key performance indicator (KPI) for the year 2023, stating that he is certain that TRX would be legitimized in five nations by the year’s end. Although this is a lofty objective, Sun is certain that his team can accomplish it if they put in the necessary effort and remain dedicated.

On January 24, Justin Sun announced that the government of St. Maarten, which is part of the Kingdom of the Netherlands and is situated in the Lesser Antilles and the northeastern Caribbean Sea, will adopt TRX as a form of legal money.

Following the statement made by St. Maarten that it will be adopting TRON as legal cash, the native token of the TRON network has reacted correspondingly, and metrics are now looking promising.

The increase in TRX’s social volume indicates the brand’s rapidly growing popularity. In addition to this, TRX demonstrated a heightened demand in the futures market even though its Binance Funding Rate was unusually high.

At the time of writing, one token is now worth $0.063913, reflecting an increase of 1.8% over the course of the previous twenty-four hours and 3.4% over the course of the previous seven days.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

Jai Hamid

Jai Hamid

Jai Hamid is an enthusiastic writer whose current area of interest is the blockchain sector. Whenever she is not reading or writing, you can find her tending to her plants in the garden. She strongly believes that crypto is going to transform the world for the better.

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