2020 Olympics: Ripple (XRP) Could Boom To An All Time High If This Happens

Change.org petition to make XRP the official cryptocurrency of the 2020 Olympics nearing 7500 signatures.

Ken Takahashi thinks that XRP needs to be the official cryptocurrency of the 2020 Summer Olympics. The 2020 summer games will be held in Tokyo and the city will be flooded with tourists and athletes from all over the world.

To aid his campaign to make XRP the official cryptocurrency of the Tokyo games, he started a petition on change.org to appeal to the International Olympic Committee.

“As tourists stream into the country, demand for the local currency skyrockets, causing long lines at currency exchanges, as seen at past events like Beijing 2008 and Rio de Janeiro 2016. Confusing exchange rates and language barriers further complicate the problem.”

Takahashi started the petition nearly a year ago and the signatures have been adding up faster in recent weeks after Ripple’s flurry of positive news. The signature total currently sits around 5500 as more continue to add their name. Once the petition hits Takahashi’s target of 7500 it will be sent to the International Olympic Committee.

The use of cryptocurrency at an event like the Olympics is seen by Takahashi as a way to speed up processes that could get bogged down by the massive influx of people that Tokyo will be experiencing in August of 2020.

Specifically, Takahashi thinks Ripple is the coin to choose for this job because of its speed and efficiency. Takahashi also puts forward the argument that the use of one official cryptocurrency can eliminate confusion and act as a consolidating force.

The xRapid system is up and running and can aid in assuring the 2020 games run smoothly when having to deal with the exchanges of hundreds of different currencies from around the world.

While this particular petition may not be the jump starter for worldwide crypto adoption, it is an important sign to see people pushing for the implementation of blockchain payment systems for a highly anticipated event like the Olympics.

With millions of people converging on one city an official cryptocurrency can bring stability, efficiency to the exchange of different currencies and expedite millions upon millions of transactions.


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Author: Stephen Brown
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