Ripple Uses XRP Ledger to Boost Colombian Farmers With Crypto-Powered Credit

Ripple has launched a new pilot project in Colombia using blockchain technology to transform access to credit for smallholder farmers. In partnership with Mercy Corps Ventures and traceability firm WËIA, the initiative leverages the XRP Ledger to improve financial inclusion and sustainability in agriculture.

The pilot focuses on panela, a traditional unrefined cane sugar, which will be tracked from planting to harvest using WËIA’s traceability platform. Each product gets a QR code powered by the XRP Ledger to ensure buyers can easily know about its sustainability. This is done to match growing international demand for being able to track products and source them ethically.