Eduard Watson

1 year ago

Ken Takahashi is the crypto enthusiast who started a petition more than ten months ago on Change.org to make Ripple’s digital asset XRP the official crypto of the 2020 Tokyo Olympic Games. Now, the petition gains popularity on a daily basis.

Takahashi debuted the petition as a solution to try and solve the problem of so many international visitors who are coming into a country in which they won’t be using their own coin.

The influx of tourists will have to exchange their currency and use the one from the country that they’re in.

“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,” he said.

He believes that XRP was the perfect choice because it allows for fast and really cheap cross-border transactions.

The petition gathered more than 11K signatures

At the time of writing this article, the petition flaunts more than 11K signatures, and they keep coming as you can see here on the official website.

Ripple-backed payment service MoneyTap just launched a few days ago. This allows users to make real-time, zero-fee domestic payments via Ripple’s xCurrent payment platform.

It’s important to mention that this platform is not powered by XRP, but various solutions are currently being built around the digital asset nonetheless.

To be able to make XRP the official crypto for the 2020 Olympics might see a bit too far-fetched to envision, but if the coin gatherers more traction in the mainstream maybe this could happen.

Who knows what can happen in two more years? For the moment, XRP is priced $ 0.484641at on CoinMarketCap and it's trading in the red.

Both Ripple and its coin XRP have been enjoying massive success lately, with lots of achievements and developments.

One of the most important things that happened is that a former SEC employee explained once again the reasons for which XRP is a currency and not a security.

People Mentioned

Justin Sun

Founder of TRON (TRX)

Coins Mentioned

Justin Sun

Founder of TRON (TRX)

Companies Mentioned

Justin Sun

Founder of TRON (TRX)

Justin Sun

Founder of TRON (TRX)

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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