Topic: Cryptocurrency Might Be Used for payment in Tokyo Olympics in 2020 (Read 527 times)
November 06, 2018, 04:08:35 AM
If Cryptocurrencies can be used for the 2020 Olympics, this would help create a huge awareness about the existence of this rare gem called Crypto, I did a personal research in my locale and discovered that 90% of people do not know about Cryptocurrencies, even the youths.
November 06, 2018, 03:49:52 AM
This is completely achievable, but not all coins should be a mainstream coin that can be paid for. Japan is the country with the highest acceptance of cryptocurrencies, and they will do so.
November 06, 2018, 03:47:12 AM
really a great news for entire crypto community. FIFA also accepted BTC as payment method. olympics is a huge thing. whole world watch it and millions of people come to see it . so if that happens then thats a big positive news for BTC and crypto
November 06, 2018, 02:59:39 AM
Of course, at the Olympic Games in Tokyo in 2020, it will be possible to use cryptocurrency for calculations. In this country, there are already about 25,000 different stores that use cryptocurrency as a means of payment. For two years, the infrastructure for the direct use of cryptocurrency will still be available, especially since it will be done on the eve of the Olympic Games.
November 06, 2018, 02:37:13 AM
We'll see, but it seems to me that Chinese coins like neo or cardano will be used first. The rest, especially low capitalization is not relevant.
November 06, 2018, 02:33:51 AM
Too much news comes from XRP and its price has risen sharply. XRP can be used at the Tokyo Olympics in 2020. This will help boost future digital currency growth
November 06, 2018, 02:03:16 AM
That's great!! It will be a huge leap in the development of cryptocurrency! Her popularity will soar! If it will be used at the Olympic games.
October 31, 2018, 03:26:48 AM
I find it entertaining in the post you made in the thread. But for me, I certainly prefer making payment like litecoin or bitcoin, compared to ripple. Because bitcoin and litecoin has proved its existence and its mastery in terms in mode of payment.
October 30, 2018, 12:39:22 PM
I find it funny how you slip that Vena Network under the article. Great marketing. I'm not sure if you deserved to be reported but maybe for some. I can assure you, I don't report because after all I've read an entertaining news and the justification of the change.org petitioner. If it all works, then the adoption will finally happen. But its way ahead of time the olympic is on 2020. Its 2018.
We can let this small slip pass at least OP tried to be creative and contribute something of value here. Now, I would not be surprised if cryptocurrency can be making some headlines in the coming Tokyo Olympics as we know that Japan is one of the leading countries that is really serious in supporting this industry. And am sure this can be good news much more if we can see famous athletes endorsing their favorite cryptocurrency platforms then that can be a big bonus. How will cryptocurrency be used during this coming Olympics can be interesting and can set forth the direction which this fledgling industry can follow. There are many good news about cryptocurrency this year and I am sure this can be the same trend for 2019 though the market is not that reactive to good news unlike in 2018. Oh well, we are still looking for the bull run but it may not actually happen this year...maybe 2020 after the Olympics perhaps?
October 30, 2018, 12:27:47 PM
Super news, which today will be perceived as a very significant event, because today cryptocurrency is probably the most promising direction of the entire financial sector, which generally is today on the planet.
October 30, 2018, 12:21:38 PM
2020 seems like it will be a big year for bitcoin and cryptocurrency. With the halving and the upcoming ETF decisions and improvements that keep saying "180 million dollar was sent for 5 cents" type of stuff and now this, we are going to have a really bright future. The longer we wait and hold the better crypto gets.
If we actually manage to wait out a bit more the next 2 years will be amazing for all of us, it will create a huge wave of new interested people and we will become probably more than a trillion dollars in market cap easily and possible even reach to 2 trillion dollars in market cap which would be a great threshold. All we need is time and hope that all these amazing news actually have the reaction on the price as we hope it should. If it does, we are going to be doing amazing in 2 years, if not, well I don't know about that part but I hope it won't be too bad.
As you say it is going to take time, even the year of 2020 could be too soon because as we know it takes time for a bull market to form so it is possible that after the halving we are going to need some months to see any improvement in the price at all. If we actually manage to wait out a bit more the next 2 years will be amazing for all of us, it will create a huge wave of new interested people and we will become probably more than a trillion dollars in market cap easily and possible even reach to 2 trillion dollars in market cap which would be a great threshold. All we need is time and hope that all these amazing news actually have the reaction on the price as we hope it should. If it does, we are going to be doing amazing in 2 years, if not, well I don't know about that part but I hope it won't be too bad.
October 22, 2018, 02:26:49 PM
2020 seems like it will be a big year for bitcoin and cryptocurrency. With the halving and the upcoming ETF decisions and improvements that keep saying "180 million dollar was sent for 5 cents" type of stuff and now this, we are going to have a really bright future. The longer we wait and hold the better crypto gets.
If we actually manage to wait out a bit more the next 2 years will be amazing for all of us, it will create a huge wave of new interested people and we will become probably more than a trillion dollars in market cap easily and possible even reach to 2 trillion dollars in market cap which would be a great threshold. All we need is time and hope that all these amazing news actually have the reaction on the price as we hope it should. If it does, we are going to be doing amazing in 2 years, if not, well I don't know about that part but I hope it won't be too bad.
If we actually manage to wait out a bit more the next 2 years will be amazing for all of us, it will create a huge wave of new interested people and we will become probably more than a trillion dollars in market cap easily and possible even reach to 2 trillion dollars in market cap which would be a great threshold. All we need is time and hope that all these amazing news actually have the reaction on the price as we hope it should. If it does, we are going to be doing amazing in 2 years, if not, well I don't know about that part but I hope it won't be too bad.
October 22, 2018, 10:51:53 AM
Great to hear this kind of news, mass adoption and wide spreading is very good for cryptocurrencies especially advertising on such big events like Olympics games. Japan are way ahead from others in digitalization of life.
October 22, 2018, 06:24:30 AM
If you can use cryptocurrency for payment at the Olympics, does it mean further expansion of blockchain applications and the government's emphasis on cryptocurrencies? In the 2020 Tokyo Olympics, this vision might be realized.
Ten months ago, former Japanese professional baseball player Ken Takahashi launched a petition on Change.org, hoping to use XRP as the official digital currency of the 2020 Tokyo Olympic Games. The reasons for the athlete's petition can be analyzed from the contents of the petition:
“ With many tourists entering Japan, it may cause currency exchange congestion. For example, the 2008 Beijing Olympic Games and the 2016 Rio de Janeiro Olympic Games in Brazil, the exchange rate fluctuations and the language communication barriers between tourists from different countries make the currency exchange problem more complicated. We believe that the rapid trading and security of Ripple Lab's XRP cryptocurrency will make a significant contribution to solving this problem.
It can be seen in the petition that the he hopes to solve the foreign exchange problem involving international currency payments in the Tokyo Olympics by using XRP for payment. In fact, many logistical issues related to large international sports events can be solved by using cryptocurrency.
Japan is one of the largest markets for XRP in the world. The market value of XRP once forced Ethereum and became the world's second largest digital currency. It was the reason for addition of the Bank of Japan Alliance. The development of XRP in Japan was supported. by a large consortium.
The athletes initiate a petition. If the petition is approved, the cryptocurrency will be supported by a wider audience and will be more conducive to the development of blockchain technology.
Vena Network plans to launch ICO on middle of October and publish its online banking platform on the official website. At the same time, we plan to distribute Tokens in the incentive pool to long-term community supporters around the world, which accounts for 10% of the total. This program will long last for the community growth.
Ten months ago, former Japanese professional baseball player Ken Takahashi launched a petition on Change.org, hoping to use XRP as the official digital currency of the 2020 Tokyo Olympic Games. The reasons for the athlete's petition can be analyzed from the contents of the petition:
“ With many tourists entering Japan, it may cause currency exchange congestion. For example, the 2008 Beijing Olympic Games and the 2016 Rio de Janeiro Olympic Games in Brazil, the exchange rate fluctuations and the language communication barriers between tourists from different countries make the currency exchange problem more complicated. We believe that the rapid trading and security of Ripple Lab's XRP cryptocurrency will make a significant contribution to solving this problem.
It can be seen in the petition that the he hopes to solve the foreign exchange problem involving international currency payments in the Tokyo Olympics by using XRP for payment. In fact, many logistical issues related to large international sports events can be solved by using cryptocurrency.
Japan is one of the largest markets for XRP in the world. The market value of XRP once forced Ethereum and became the world's second largest digital currency. It was the reason for addition of the Bank of Japan Alliance. The development of XRP in Japan was supported. by a large consortium.
The athletes initiate a petition. If the petition is approved, the cryptocurrency will be supported by a wider audience and will be more conducive to the development of blockchain technology.
Vena Network plans to launch ICO on middle of October and publish its online banking platform on the official website. At the same time, we plan to distribute Tokens in the incentive pool to long-term community supporters around the world, which accounts for 10% of the total. This program will long last for the community growth.
that could save my work lining up at exchanger to buy Yen.
October 22, 2018, 05:49:56 AM
I expect this to happen even not just in Olympics but in many other sports. To me 2020 is still far and we would have reach more adoption before then. We should just count ourselves lucky to be among the early believer of Cryptocurrency.
October 22, 2018, 03:44:15 AM
the reason he suggested is quite reasonable and certainly, it will give the good thing for Japan if it really actually applied. plus more because Japan is home to the crypto surely not be too troublesome and even many existing supporting facilities. This will make the financial flows at the event are quite practical.
October 22, 2018, 03:08:33 AM
Its already for many years, merchant in Japan receiving cryptocurrency for payment. I am believe in 2020 they will accepting more cryptocurrency like altcoin. Its more safe for tourist using cryptocurrency because its much secure and its much safe to travel with it
October 22, 2018, 02:43:39 AM
This is no surprise, I mean if you look at it right now, cryptocurrencies are really big, the last bull market that we had gave it a lot of exposure and right now, there is so much that can be done with the cryptos, even news channels were talking about the coins. So if it is going to be used in the tokyo olympics in 2020 then all the better
Its been said that its going to be XRP that will be used because it can process more than a millions transaction in a second. I wonder that is how much people are going to be going there and spend every second during that event. But why not ADA after all its a Japanese token, if they are going to be using crypto they might as well just promote their own.
October 21, 2018, 02:07:07 PM
This is no surprise, I mean if you look at it right now, cryptocurrencies are really big, the last bull market that we had gave it a lot of exposure and right now, there is so much that can be done with the cryptos, even news channels were talking about the coins. So if it is going to be used in the tokyo olympics in 2020 then all the better
October 20, 2018, 07:13:57 AM
If they do it is likely that they will simply create their own coins specifically for the Olympics so they can get extra profits from it. Japan is bitcoin friendly so it would be a good time to invest now before the prices rise in 2 years time.
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