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The Commonwealth of Dominica has collaborated with TRON, one of the top public blockchains, to create and release the Dominica Coin (DMC). The agreement is a turning point for the Eastern Caribbean country, which enacted the Virtual Asset Business Act in Parliament earlier this year.
Using Cryptocurrency To Promote Tourism In Dominica
The currency's goal is to promote the nation as a location with excellent tourist potential and rich natural heritage, fostering economic growth. Roosevelt Skerrit, the prime minister of Dominica, commented on the development and outlined that it was "a historic step for Dominica in its drive to enhance economic growth by embracing digital innovation and appointing TRON Protocol as its designated national blockchain infrastructure."
"This is a historic step for Dominica in its drive to enhance economic growth by embracing digital innovation and appointing TRON Protocol as its designated national blockchain infrastructure," said Prime Minister of Dominica, Dr. Roosevelt Skerrit.
It is important to note that the blockchain and Caribbean nation's collaboration has also resulted in Dominica's official approval of TRON-issued digital currencies as a means of exchange.
TRON Blockchain Receives Statutory Status
Justin Sun posted an official document to support his claim on Twitter that all digital assets created on the TRON blockchain have been "given statutory status as an authorized digital currency and means of exchange" in Dominica. After rumors that TRON's inventor was the actual buyer of the Huobi cryptocurrency exchange surfaced, the total number of transactions on the TRON blockchain recently reached 4 billion. On the other hand, Justin Sun declared his election to a global advisory board for an exchange. TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. https://twitter.com/justinsuntron/status/1580095865729220608