фото показано с : blokt.com

No matter who tops the medal tally at the 2020 Tokyo Olympics, cryptocurrencies could emerge as the real winner. Supporters of Ripple are now pushing for XRP to become the official cryptocurrency for the sporting event. The petition received over 10,000 signatures as of present time. Though it was launched over ten months ago, it has recently witnessed a revival after going viral in the crypto community.

The creator of the petition, Ken Takahashi designed the message or the International Olympic Committee and Ripple Labs. His argument behind crypto adoption is clear and impressive. The global event draws thousands of people in a country and presents a great opportunity for cultural and economic exchange. However, as more tourists enter the country, the demand for local currency will also increase. Long queues at currency exchanges were common during Beijing 2008 and Rio de Janeiro 2016 event.

Takahashi writes further:

“Confusing exchange rates and language barriers further complicate the problem. We believe that the fast transaction times and security of Ripple Labs’ XRP cryptocurrency would be a great contribution towards solving this problem.”

Even though the country was shocked by the biggest crypto heist in the world at the beginning of the year, Japan has remained relatively open to crypto adoption. The Olympics could be a good place to test the potential of cryptocurrencies which can help to save time and money for the global influx of sporting fans and tourists.

The problem, however, lies with XRP, the native cryptocurrency of Ripple. The currency hasn’t focused much on widespread adoption, even though its platform is slowly becoming popular amongst some organizations for making cross-border transactions. The Olympics are a golden opportunity for different cryptocurrencies to test their mettle in real-life conditions. If XRP becomes the official cryptocurrency for the Olympics, the sponsorship will come with a huge price tag, and it is uncertain who will empty their pockets for the same.

However, even if there are no official sponsorships, cryptocurrencies can be used during the Olympics if they tie up with local merchants and encourage better adoption. If users are given an option to buy, sell, trade and spend cryptocurrencies instantly by the time Olympics start, it would be a huge win for the industry and draw even the staunchest opposers of digital coins to the crypto realm.

Ripple Supporters Create a Change.Org Petition to Make XRP the Official Crypto for Tokyo Olympics was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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