Petition to Make XRP the Official Cryptocurrency of the 2020 Olympics at Over 5K Signatures

Ten months ago, Ken Takahashi started a petition on Change.org.

To make XRP the official crypto of the 2020 Tokyo Olympic games.

Today, it has over 5,200 signatures out of a needed 7,500.Hitting milestonesOnce created, the petition reached 500 signatures with relative speed, and jumped from 500 to 1,000 in less than 72 hours, according to an update by Takahashi, a resident of Japan, posted on the petition page.

As with the Rio Olympics in 2016, people will flock to Tokyo from all over the world to witness, cover, and participate in the Olympic games.

"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."

Tests sending funds between the U.S. and Mexico showed wait times for XRP transfers can be minutes, and cost exponentially less than sending money across borders the conventional way.

Takahashi contends that a single cryptocurrency, easily convertible into fiat, would ease congestion and friction for international Olympic visitors.

The more easily people can access their funds and convert them to local currency, the more easily they can spend it there.

Takahashi is aiming for 7,500 signatures on the petition before he sends it to the Olympic National Committee.

Ripple Labs has also been tagged on the petition page.