The Tokyo 2020 Olympic Games could hold special significance for crypto enthusiasts as it would be the first time cryptocurrency would be officially adopted for use during the Games.
The idea of adopting Ripple’s XRP has been brought forward by Ken Takahashi, a former Japanese baseball player who petitioned the International Olympic Committee to consider the cryptocoin’s use during the event. His reason given for this consideration is that as people from all over the world would come to Tokyo the foreign exchange issue can arise. In order to ease the pressure on the Japanese yen, Ken proposed a system that uses XRP.
In addition, cryptocurrency can solve many logistic issues in large international sporting events, for example, transportation, accommodation and other essential services.
“We believe that the fast transaction times and security of Ripple Lab’s XRP cryptocurrency would be a great contribution towards solving this problem,” Ken added.
Thus far the petition has garnered 8200 signatures, signalling that the general public hold an optimistic attitude towards cryptocurrency. International events such as the Olympic Games could be a good promotional tool for XRP and cryptocurrency payments as it will also benefit the development of cryptocurrency and attract more investors to participate in this field.
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