CCBeast Special

Ripple for the official Crypto in 2020’s campaign gains popularity!
Editorial Team is the official petition for making the XRP the official cryptocurrency of the 2020 Olympics reached almost 7500 signatures and is continuing.

The 2020 summer Olympic Games will be held in Tokyo and the touristic traffic will be huge. Ken Takahashi thought that XRP needed to become the official cryptocurrency of the Olympics.

To help his campaign, he started a petition on to appeal to the International Olympic Committee.

“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.”

The petition started almost a year ago but the signatures have the recent weeks been added up. The current figure is 5500, just 2000 under the target of 7500 when Takahashi will send it to the International Olympic Committee.

Olympics Games is considered by Takahashi a great opportunity to accelerate the intrusion of cryptocurrencies into the masses.

Speci9fically, he thinks Ripple is ideal due to its speed and efficiency. Takahashi also puts forward the argument that the use of one official cryptocurrency can eliminate confusion and act as a consolidating force.

The xRapid system can help in assuring the 2020 games run smoothly when having to deal with the exchanges of hundreds of different currencies from all around the world.

With millions of people converging on one city, an official cryptocurrency can bring stability, efficiency to the exchange of different currencies and expedite millions upon millions of transactions.