Colombia starts using Ripple XPL to register land - Coinnounce

Colombia has deployed Ripple’s blockchain technology for land registration; with this, everything will be run in XRPL and digitized.

Columbia has integrated a digital language record system built on Ripple XRPL Blockchain into its National Land Agency. The solution was built in a year by the joint efforts of Ripple and its Barcelona-based partner Peersyst Technology.

📢 Thrilled to announce that after a year of development with @GobDigitalCO @Ministerio_TIC, we launched the first #NationalLandRegistry on top of #XRPL #Main #Blockchain for all Colombians!🇨🇴

Find more how @Peersyst worked with @Ripple to achieve it! 👇https://t.co/PuYncDB0qv

— Peersyst Technology (@Peersyst) July 1, 2022

The solution will allow digital assets to be registered on the XRPL Blockchain. It is estimated that the system will be able to register more than 100,000 contracts shortly. Uploaded assets will be authenticated via a QR code.

While most cryptocurrency companies struggle due to market conditions, Ripple remains an exception.
In the early days of the bear market, Ripple CEO Brad Garlinghouse spoke about the company’s tendency to lean more towards mergers and acquisitions.

While the company has yet to sign an M&A deal, it has expanded into Canada. While the company has yet to sign an M&A deal, it has expanded into Canada. Ripple announced its new Toronto office on June 24. The engineering-focused office aims to employ 50 developers despite the lay off-trend in the crypto space.