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Ripple and Mercy Corps Ventures Launch Blockchain Pilot for Colombian Farmers

  • Ripple and Mercy Corps Ventures launch a blockchain pilot using the XRP Ledger for 300 Colombian smallholder farmers aiming to increase incomes and financial inclusion.
  • Initiative addresses barriers in rural agriculture through digital records and deferred payment models like the 'Farm Now, Pay Later' (FNPL) to help farmers obtain credit.
  • The pilot promotes inclusivity with 46% female participation, surpassing national averages, and aims to improve product traceability, transparency, and sustainability in the agricultural sector.
  • This blockchain initiative not only benefits the participating farmers but also offers a replicable model for agricultural communities worldwide, driving financial inclusion and sustainable economic growth.

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