A petition to get the Worldwide Olympic Committee (IOC) to make XRP the official cryptocurrency of the following Summer season Olympics has crossed the 7,500 signatures milestone.
XRP Will Ease Foreign exchange Tensions on the Video games
In accordance with Ken Takahashi, the creator of the petition, XRP has the potential to unravel many logistical complications related to massive worldwide sporting occasions, particularly regarding international alternate. Reasonably than placing huge strain on the Japanese yen, Takahashi proposes a system that requires the usage of XRP.
Takahashi’s motivation comes from the struggles confronted by folks in the previous few video games. A portion of the petition reads:
As vacationers stream into the nation, demand for the native forex skyrockets, inflicting lengthy traces at forex exchanges, as seen at previous occasions like Beijing 2008 and Rio de Janeiro 2016. Complicated alternate charges and language limitations additional complicate the issue. We consider that the quick transaction occasions and safety of Ripple Lab’s XRP cryptocurrency can be a terrific contribution in the direction of fixing this drawback.
Regardless of being created over ten months in the past, the petition has simply now began to achieve quite a lot of traction. This improve coincided with a raft of developments introduced by Ripple, particularly in Japan, with the current launch of MoneyTap – the blockchain remittance platform constructed by Ripple and SBI Holdings.
Takahashi’s plan would see XRP changing yen because the de facto forex of the video games. Folks from everywhere in the world would solely want to make use of cryptocurrency fee methods to make purchases whereas on the video games. Right here is the place a platform like MoneyTap might turn out to be useful.