• St. Maarten announced plans to adopt TRON [TRX] as a legal tender.
• TRX responded positively and registered gains on its daily chart, according to CoinMarketCap.
• TRON’s one-day price volatility and social volume also registered an uptick.
St. Maarten recently made headlines when it announced its plans to adopt TRON [TRX] as legal tender. This news was met with positivity in the market, as TRX’s price increased by 2% in the last 24 hours. According to CoinMarketCap, TRX was trading at $0.063, with a market capitalization of over $5.7 billion.
This decision to adopt TRON as legal tender can be attributed to the initiative of MP Rolando Brison, Leader of the United People’s Party. Brison believes that by working with TRON as its chosen blockchain infrastructure, St. Maarten could gain access to TRON’s rapidly expanding and inclusive global ecosystem, which would help boost the island’s appeal for foreign travelers, who are crucial to the local economy.
TRON’s performance on the metrics front also looked quite promising. For instance, TRX’s one-day price volatility registered an uptick, thanks to the recent price gains. The network’s social volume also went up, reflecting its increased popularity.
TRON founder Justin Sun was quick to react to the news, tweeting “Another milestone for #TRON! St Maarten to adopt TRON as legal tender marks another achievement for our push on worldwide blockchain adoption.”
This is a major step forward for TRON, as it can now be used as legal tender in St. Maarten, and marks a significant milestone in the network’s goal of increasing its global adoption. The news has also been well-received by the community, with many users expressing their excitement and optimism in regards to the news.
TRON is already one of the most popular blockchains in the world, and with this latest development, it is likely to continue to grow and become even more popular. This move could also have a positive effect on TRX’s price and metrics in the near future, so investors should keep an eye out for any further news regarding TRON’s adoption as legal tender.