All ICOICO statsRatingReviewsBlogNews Wallets Mining Exchanges Chart Events
Join

XRP Could Be The Official Cryptocurrency of 2020 Olympic Games - Ripple News. Sunday, October 7th

07 october 2018, 22:45 by Jesús S. Affigne

Ripple’s XRP could be the official cryptocurrency of 2020 Olympic Games

In less than two years from now, Tokyo – the capital city of Japan – will host the XXXII Olympic Summer Games. And it may come with a surprise for the crypto community, if a petition in Change.org made by former Japanese baseball player Ken Takahashi actually reaches its goal of 7,500 signatures – at the time of writing, it has already more than 7,000.

Takahashi’s petition to the organizing committee of the Tokyo Olympics 2020 is to make Ripple’s cryptocurrency, the XRP, the official digital asset of the event. According to him, the influx of tourists will skyrocket the demand for local currency (Japanese Yen), and it is expected to see long lines at the different exchanges in the city – not to mention the perplexing exchange rates and the difficulties for communication due to language barriers.

He also explained that in order to avoid situations like these, which have already passed in previous events such as Beijing 2008 and Rio de Janeiro 2016, it is necessary to count with a payment system that can guarantee efficiency and speed. And according to him, this system can easily be provided by blockchain payment protocol Ripple, with its cryptocurrency XRP.

“We believe that the fast transaction times and security of Ripple Lab’s XRP cryptocurrency would be a great contribution towards solving this problem,” he said.

Curiously, the petition was started ten months ago, but it has gained momentum in the number of signatures accumulated in the last month. It is likely that with the recent announcements of Ripple in regards of its new products, as well as the fresh launch of the blockchain remittance app MoneyTap – built by the aforementioned crypto startup in collaboration with Japanese financial giant SBI Holdings – Japanese people have become more aware of the cryptocurrency, learning of their benefits and capabilities.

A petition at Change.org has about 7,042 signatures and less than 500 signatures are needed to see Takahashi knocking the door of the International Olympic Committee with the petition, and if approved, it will set a precedent not only for the XRP, but for the whole crypto ecosystem, as it would be the first time a cryptocurrency is recognized as the official digital payment of the Olympic Games. 

Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.

Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.

You may also like

Comments

Write comment 0 comments

You need to login to create comments.

Get the week’s best ICO right in your inbox