What Would Happen If TRX Were Used As A Currency Of Common Use In A Country?

Hello, If we do not analyze TRX, it is a currency that has a very low value, without taking into account that the transfer commissions are usually lower than the use of bitcoin or other cryptocurrencies that are volatile, currently there are very few cryptocurrencies that their commissions for transfer are null, such as the cryptocurrency nano is one of them.

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In a hypothetical case that a country adopts TRX as a commonly used means of payment, what would happen? TRX is a cryptocurrency that you have many tokens in circulation, so the supply would never be scarce, as can be the bitcoin that there is a possibility that it is hoarded by a large company or strong investor that makes the bitcoin price appreciate more than its current value. due to the shortage of bitcoin that will circulate at the moment.

Tron currently has a capitalization of 6086.79 MUS$ and its current price is around $0.066 and behind Tron it has a strong community that supports it, this currency does not tend to go up or down as much as bitcoin can, which What makes it a cryptocurrency to analyze its ecosystem and what is the advantage of using it as a means of payment.

Now let's go back to the beginning, suppose that my country Venezuela will adopt TRX as a means of payment in the country, we could use the tronscan application or another wallet to make our payment, the use of this application is very simple and TRX is very easy to buy in My country, this would help Venezuela to overcome the hyperinflation that it has been going through for a couple of years, because I think so.

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Example of how a cryptocurrency can stop hyperinflation in a country

I currently live in Venezuela and every week the prices of basic food products rise because the national currency experiences a constant devaluation against the US dollar and so to speak Venezuela is experiencing dollarization without having an ecosystem defined by the government that authorizes the use of the dollar as a currency of common use.

So if I take my fiat money and exchange it for TRX or another stablecoin my money will not constantly devalue to increase the price of the US dollar, because if I buy a dollar in any stablecoin and then change it to TRX to buy any product I would be buying the same dollar that I keep in cryptocurrencies, which means that my money would not be affected by hyperinflation.

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Advantage of using TRX

• Transfer fees are very low.
• It is not a volatile currency as bitcoin or ethereum usually is.
• It is easy to use and has applications to make payment immediately.
• The transfers do not take long to arrive.
• Many exchange houses accept TRX.

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There are many benefits that the use of TRX can bring as a legal means of payment in a country, you just have to study the possibility of its implementation and work plan for its distribution through bank accounts, although the experts will look for the exchanges to buy your TRX .

In conclusion

The use of a cryptocurrency that has the strong support of a community and that it has government support, that says that the world of finance will be governed by cryptocurrencies, although several countries such as El Salvador and Africa are already taking this initiative before the cryptocurrencies. Great powers such as China and Russia and at the moment El Salvador is giving the big surprise where its economy thanks to the use of crypto assets has risen from a total bankruptcy.

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Post writter por @joeljaimes1982