The Announcement To Make XRP Official Cryptocurrency of Olympic Games In Tokyo 2020 Is Gaining more than 7,500 Signatures

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The Announcement To Make XRP Official Cryptocurrency of Olympic Games In Tokyo 2020 Is Gaining more than 7,500 Signatures

The announcement that the International Olympic Committee (IOC) would make XRP an official cryptocurrency at the next summer Olympics crossed the line of 7,500 signatures.

According to Ken Takahashi, the person who submitted the application, XRP has the potential to address many of the logistical challenges associated with major international sporting events, especially regarding foreign exchange. Instead of putting enormous pressure on the Japanese yen, Takahashi offers a system that requires the use of XRP.

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Despite the fact that the announcement was created more than ten months ago, it only now began to gain momentum. This increase coincided with a host of events announced by Ripple, especially in Japan, with the recent launch of MoneyTap, a blockchain money transfer platform built by Ripple and SBI Holdings.

Takahashi’s plan is for XRP to replace the yen as the actual currency of the games. People from all over the world will need to use only cryptocurrency payment systems to make purchases during games. In this case, such a platform as MoneyTap is useful.

Between Saturday (6 October 2018) and Sunday (7 October 2018), the number of signatures on the application increased by more than 1,000. At the moment, the statement has collected more than 8200 signatures.

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