Olympics and Fintech, The role of Fintech in Paris 2024 and Crypto as a sponsorship and payment token for everyone!

Happy Thursday Beautiful people! ??

First things first!??

The Paris 2024 Olympics are set to be a groundbreaking event, not just for sports enthusiasts, but for tech-savvy individuals and fintech professionals alike. As the world gears up for this grand spectacle, fintech innovations are poised to play a pivotal role in enhancing the experience for everyone involved—from athletes and attendees to organizers and sponsors.

Enhancing the Olympic Experience with Fintech

Contactless Payments: A Seamless Experience Imagine attending the Olympics without worrying about carrying cash or dealing with cumbersome transactions. Contactless payment systems will be ubiquitous at Paris 2024, allowing attendees to purchase tickets, merchandise, and refreshments with a simple tap of their smartphones or contactless cards. This technology will significantly reduce wait times, enhance security, and offer unparalleled convenience, ensuring that spectators can focus on the excitement of the games.

Visa, official payment technology partner of the 2024 Olympics and Paralympics, has published a list of data points breaking down consumer spend at this year’s Games.? - Payment Expert

The US payments firm found that the largest share of overseas spend has come from its US cardholders, accounting for 29% of all transactions. Brazilian and Japanese cardholders have also been spending big through, 33% and 129% more, respectively, year-over-year.

Digital Wallets: Your Financial Companion Digital wallets are set to revolutionize how visitors manage their finances during the Olympics. These mobile apps will enable users to store multiple payment methods, manage transactions, and even convert currencies on the fly. For international visitors, this means no more worrying about exchange rates or carrying large amounts of cash. Instead, they can enjoy a hassle-free financial experience, making their time in Paris even more enjoyable.

By all means, to enjoy holidays and Olympics with a trading appl in a hand! One of the major sponsor of the Olympics is Libertex!

Part of the Libertex Group, Libertex is an online broker offering tradable CFDs with underlying assets being commodities, Forex, ETFs, cryptocurrencies, and others. Libertex also offers investments in real stocks.

So the financial freedom and investment opportunity became even more accessible by everyone!

Innovations in Event Management

Blockchain for Ticketing: Say Goodbye to Fraud One of the most promising applications of fintech at the Paris 2024 Olympics is blockchain-based ticketing. This technology ensures that every ticket is unique and tamper-proof, effectively eliminating the risk of fraud and scalping. Blockchain's transparency and security features will provide peace of mind for both organizers and attendees, guaranteeing that tickets are legitimate and fairly distributed.

According to Seatlabnft the ticketing process was one of the major breakthrouh process of Paris Olympics 2024!

"Cadot, in his report, suggests that secure and personalised ticketing is used for Paris 2024 and other major sporting events in France moving forwards. The report recommends using blockchain ticketing to send tickets to individuals a few days before the event by text message. A rotating QR code would be used to ensure screenshots or other sharing methods couldn’t be used to transfer tickets.Tickets would only become active near the venue. Once a fan has gained entry to the event, the ticket would be deactivated."

Data Analytics: Tailoring the Experience Fintech is not just about transactions; it's also about data. By leveraging advanced data analytics, organizers can gain insights into attendee behavior, preferences, and needs. This information can be used to personalize the Olympic experience, from suggesting events and activities to optimizing crowd management and security measures. The result? A more enjoyable and safe environment for everyone.

Fintech for International Visitors: A Warm Welcome Fintech solutions are particularly beneficial for the diverse, international crowd that the Olympics attract. Services such as instant currency exchange and low-fee international transactions will make it easier for visitors to manage their finances. Digital banking options will provide access to essential financial services, ensuring that even those without traditional banking facilities can participate fully in the event.

Mobile Banking: Bridging the Gap For many, the Olympics might be their first exposure to mobile banking. By providing easy-to-use mobile banking apps, fintech companies can help underbanked populations access financial services. This not only enhances their Olympic experience but also introduces them to tools that can improve their financial well-being long after the games have ended.

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Key Takeaways

As we look forward to the Paris 2024 Olympics, it's clear that fintech will play a crucial role in shaping the event. From enhancing the attendee experience with contactless payments and digital wallets to ensuring security with blockchain-based ticketing, fintech innovations are set to make these Olympics more accessible, convenient, and enjoyable for everyone involve

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Let's Collaborate ??

Together, let's dare to dream big, aim high, and shape a future that knows no bounds. The journey to "Limitless" begins now—will you join us?

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