With the cryptocurrency boom, it is no wonder that the 2020 Olympic Games can have their own official digital payment, recognized by all participants and countries.
The cryptocurrency that can make history is none other but Ripple. The person who has started a petition on Change.org is Ken Takahashi, a Japanese former professional baseball player. The petition to make Ripple the official currency of the 2020 event has been supported by 5,725 signatures already. The goal is to reach 7,500.
Ken’s petition is calling out to the International Olympic Committee to realize that efficiency and speed need to be present during the entire event, as people all around the world will be in Tokyo for the event.
The petition states:
“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.”
Apparently, the challenges in sectors like transportation, services and even infrastructure, in addition to the hustles created during past Olympic Games, are worth taking into consideration.
“We believe that the fast transaction times and security of Ripple Lab’s XRP cryptocurrency would be a great contribution towards solving this problem.”
The use of Ripple, according to Takahashi, will allow for faster and more secure transactions during the Tokyo Games in 2020. With the advancement of cryptocurrencies, the unification of the 2020 Olympic Games’ payment method is truly viable.