Ripple (XRP) may Become the Official Cryptocurrency of of the Tokyo Olympics 2020
The petition to make Ripple (XRP) the official cryptocurrency of the next Summer Olympics already raised 9600 votes.
Ken Takahashi, the author of the petition says Ripple can solve many problems with holding large international activities, especially in terms of foreign currencies. Instead of putting pressure on Japanese yen, Takahashi offers to introduce a system that uses XRP tokens. The offer is the result of difficulties people faced during the previous Olympics:
“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.
We believe that the fast transaction times and security of Ripple Lab’s XRP cryptocurrency would be a great contribution towards solving this problem”.
Despite the petition was created more than ten months ago, only now it began gaining momentum. Its popularity is related to the latest developments by the Ripple company. Particularly, this refers to MoneyTap, the blockchain-based money transfer service created by Ripple and SBI Holdings.
In case the petition gets a chance to get ahead, this will become Ripple’s great time. XRP is already adopted by institutions with more and more cases of use in real world. Taking into account large volume of micro transactions in the Olympic village, the result may increase liquidity of XRP tokens to record levels.
You can sign the petition here.