St. Maarten wants to become the crypto-capital of the Caribbean and adopt Tron as legal payment

St. Maarten wants to become the crypto-capital of the Caribbean and adopt Tron as legal payment

A member of St. Maarten’s parliament is initiating a bill that could establish Tron as the Caribbean island’s legal payment solution. Adoption of blockchain technology is expected to bring huge benefits to the country.

Opportunity for the Tron ecosystem

An island from the eastern Caribbean may soon become a beneficiary of the Tron blockchain. This will happen if the bill, presented by Rolando Brison, is refined and put to a vote in which it receives parliamentary majority support. Given that Brison is not only a part of it, but even the leader of the United People’s Party and the second vice-president of St. Maarten’s parliament, the likelihood of success seems high. Brison has long been a big fan of both cryptocurrencies and blockchain technology. In doing so, he often speaks out on the benefits of implementing these solutions in the country. This time he decided to turn his words into action. As a result, he has chosen Tron as the infrastructure that has the right to lead St. Maarten towards becoming the crypto-capital of the Caribbean.

This information saw the light of day on Wednesday, January 25. It was soon confirmed by Tron founder Justin Sun, tweeting:

“Another milestone for TRON! St. Maarten adopting TRON as legal tender marks another achievement for our push for global blockchain adoption.”

Cryptocurrencies increasingly popular in the Caribbeans 

The actions around St. Maarten may be inspired by the facts on the neighboring island of Dominica. In October 2022, the Commonwealth of Dominica announced the adoption of as many as seven Tron-based cryptocurrencies as legal tender. This came as an aftermath, voted on in May, of a law establishing Tron as a national blockchain. In addition, the Central Bank of the Eastern Caribbean helped implement the solution. It was established in 1983 and brings together eight independent economies comprising: Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, St Lucia and St Vincent and the Grenadines. This kind of action on the part of an overarching authority, gives the green light for even stronger local crypto adoption.

More updates about Tron in St. Maarten coming soon

According to Brison, he will engage in legislative work on the bill in the coming weeks. In doing so, he has expressed high hopes that it will be adopted. For the Tron ecosystem, this could be as big a step as it is for the island’s residents. After all, Tron aims to make decentralized financial solutions and a stable currency widely available. Brison, meanwhile, stresses that the implementation of a blockchain ecosystem on the island will raise its attractiveness for both technology companies and tourists. 

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

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