Dominica has chosen TRON to issue its national cryptocurrency
As the cryptocurrency sector continues to grow, more governments and organizations are jumping on the bandwagon, and some of them, like one country in the Eastern Caribbean, even want their own official digital assets.
The goal of releasing the coin is to assist in marketing the country as a destination with exceptional tourism capacity and a rich natural legacy, hence fostering its economic growth. Roosevelt Skerrit, the prime minister of Dominica, commented on this incident and explained what it meant for his nation.
Meanwhile, TRON’s creator Justin Sun expressed his team’s enthusiasm and confidence towards the relationship, emphasizing:
‘I know, I speak for everyone on the TRON team when I say how honoured we are by Prime Minister Roosevelt Skerrit’s confidence in us to build the blockchain infrastructure that will allow Dominica to fully participate in the decentralized financial future. (…) We believe this is the start of many such relationships with sovereign nations in the field of technology.”
Notably, the relationship between the blockchain and the Caribbean state has also resulted in Dominica’s formal acceptance of TRON-issued digital currencies as legal tender.
According to a tweet by Justin Sun, all digital assets generated on the TRON blockchain have been “given statutory status as recognised digital money and means of exchange” in Dominica. Justin Sun also posted an official certificate proving this.
In the meanwhile, the total number of transactions on the TRON blockchain recently topped 4 billion after claims that its creator was the true purchase of crypto exchange Huobi, while Justin Sun himself announced his position to the exchange’s Global Advisory Board.