Topic: Cryptocurrency Might Be Used for payment in Tokyo Olympics in 2020 - page 3. (Read 527 times)

If this holds true then we might see a huge surge in cryptocurrency popularity around this time in 2020 then.

However, it seems very unlikely that they would pin part of the success of an absolutely huge project on cryptocurrency, there just doesn't seem to be an rationale behind it which usually means it probably wont happen.

It is a great news for the crypto world that cryptocurrency might be used for payment in Tokyo Olympics in 2020. If this happens we might see a increase in numbers of investors.

If cryptocurrency is chosen for the payments in the Tokyo Olympics, it will drastically bring down the money exchange problem. This will put both the goverment agencies and newcomers at ease.

How can you sure about that? Japan accepts crypto as a payment system but not all of the merchants are applying this method. The volatility of crypto always become the main reason for them all to reject crypto as a payment system. Remember about when there was a coin that getting down more than 60% just in a day. it looks so terrible dude.

It will be no wonder if the crypto currencies were accepted as payment for Olympics in 2018 because Japan is a place where crypto currency is accepted everywhere when compared to the other countries but is there any people who aware of crypto currencies there because it is okay with the Japan people but most of the foreigners don't know about cryptos yet so advertisement needed before the tournament starts will make the difference.

it might happen as we all know that Japan is one country that legalizes transactions using cryptocurrencies, and if it is true that it happens to eat there will be a strengthening of global altcoin prices because it will invite many new investors who want to invest in cryptocurrencies

thats great if they allow cryptocurrency payment in 2020 olympics. anyway i do not like XRP.  so BTC, ETH, LTC, XVG, DASH are much better payment options which are already in use for payments. ex: XVG for pornhub.  anyway happy to see crypto is spreading around the world fast

I think , if OP  created the article then it should be fine.If article or part of article is copied or paraphrased the OP can be reported. Anywhere in rules I did not read "No self Promoting Articles" so OP should be good under current rules.

Japan is already accepting crypto so use of crypto in Tokyo Olympic by Japanese will not be a big news but definitely a big advertisement.

Yes good marketing strategy it actually deserves our commendation it's as good as a signature campaign where you can show what you are campaigning anyway I have also seen vera network and it looks good and legit, if it is not I'll definitely give you a bad feedback.

Ripple is not a cryptocurrency since it is controlled by basically one guy, not decentralised and serves only the banks. If a crypto should be accepted in the Olympics it should be Bitcoin, Bicoin Cash, Litecoin, ether or NEO/GAS.

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.

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.