We recently reported that Ken Takahashi started a petition about ten months ago on Change.org to make Ripple’s coin XRP the official crypto of the 2020 Tokyo Olympic Games.
XRP to become the official crypto of the 2020 Olympics
Takahashi debuted the petition in order 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.
They 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.
“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 wrote.
He also said that his choice is XRP because the coin facilitates easy, fast and cheap cross-border transactions.
XRP could go straight to the moon
Ripple launched xRapid, the XRP-based product and it’s up and running flawlessly.
This could make sure that the 2020 games will be running smoothily when having to deal with the exchanges of hundreds of different currencies from all over the globe.
Considering that there will be millions of people going to the same city, an official crypto could definitely bring stability and efficiency to the exchange of various currencies while making possible millions and millions of transactions.
For XRP, this would mean massive success and a surge in its price for sure.
Ripple and its coin have been doing great in terms of adoption and various developments and achievements lately, especially during and after the Swell 2018 event which took place in San Francisco at the beginning of the week.
Another massive achievement for Ripple’s coin is that a former SEC employee just classified XRP as a currency instead of a security.