Cryptocurrencies have long been celebrated for their potential real-world applications. While much of this excitement has been theoretical, recent years have started to unveil practical examples. Beyond the digital transformation experienced by large financial firms, the advantages brought by blockchain and cryptocurrencies offer significant benefits across various sectors.
Ripple News
As part of the Unlocking Opportunity program, Ripple 
$2 has partnered with Mercy Corps Ventures and WËIA to launch the year’s second pilot program. This initiative is aimed at helping Colombian small farmers earn more income and improve financial inclusion by utilizing the power of the XRP Ledger.
So, what exactly does this pilot program involve? Nearly 90% of the farmers in the region operate without formal agreements and lack sufficient records of past financial activities. Moreover, about 80% of Colombia’s rural population lacks access to credit. Additionally, crucial data about the origin and methods of production are not well-documented, which often leads to food fraud. XRPL will provide support to address these issues.
Blockchain traceability will allow products to be tracked from planted seeds to the point of harvest using a single QR code. This system aims to enhance supply chain efficiency through data-driven agreements, resulting in better earnings for all parties involved. WËIA provides farmers with the opportunity to purchase seeds and fertilizers on credit, paying only after use.
The project has already commenced with 300 farmers, with processes continuing at a capacity of 240 tons of produce monthly.
Ripple (XRP)
Cryptocurrencies have numerous applications, and extensive work in various fields demonstrates this reality. From a secure, fast, and immutable data tracking perspective, XRP Ledger is a critical player. The results of the early steps taken today may become much clearer over time, possibly leading to widespread normalization of the advantages crypto networks offer in areas including agriculture.
XRP Coin‘s future is looking bright with these initiatives.
XRP Coin, which recently found buyers at $2.39, retracted due to general low trading volume. If the downtrend persists, it may test the $2.35 and $2.2 levels.
