Ripple to Utilize XRP Ledger to Boost Incomes of Farmers in Colombia AllinCrypto May 19, 2025
Ripple has announced a new collaboration with Mercy Corps Ventures, a firm that has been developing solutions to help with climate and financial resilience in global communities.
Part of Ripple’s Unlocking Opportunity initiative, the collaboration with WËIA also included, will utilize the XRP Ledger to help boost incomes for farmers in Colombia.
Ripple is joined by Algorand, which has been collaborating with Mercy Corps Ventures since 2024 as part of their Humanitarian Payment Committee, which also includes Circle, UN Development, and HesabPay.
Ripple to use XRP Ledger to help Colombian farmers retain profits
Ripple’s XRP Ledger will be used to improve the lives of farmers in Colombia by aiming to increase financial inclusion using XRP.
Traceability in Colombia’s agricultural sector will be the main focus, as over 86% of smallholder farmers in Colombia are operating without substantial credit histories and transaction records.
According to Ripple, the lack of financial efficiency and documentation has created barriers for sustainability and financial inclusion on a large scale for small farmers in the region.
Agricultural buyers are unable to properly verify their sustainability claims, which is important for end consumers who end up buying their produce and products, helping to create a loop of finances.
Without proper verifiable claims, food fraud is able to run rampant, affecting smaller farmers and accounting for around $50 billion in food fraud events annually.
From Ripple:
Currently, 79% of the rural population lacks access to credit lines, resulting in smallholder farmers earning only 70% of the minimum living wage and perpetuating cycles of poverty.
The new pilot program with XRPL will integrate WËIA’s blockchain traceability capabilities that were initially built using the XRP Ledger. The collaboration will address food fraud and issues with food traceability from farm to consumer, improving the conditions of smaller farms.
With the XRP Ledger, farmers will be put in contact with input suppliers and produce buyers in the region, allowing for produce to be tracked and trusted by buyers. Stabilizing incomes.
Using WEIA’s traceability data, farmers will be able to gain access to agricultural inputs without additional costs, allowing them time to acquire new supplies and plant crops without having to pay anything until the next harvest comes around.
According to Ripple’s press release, 300 farmers will be taking part in the pilot programme and growing 240 tonnes of unrefined whole cane sugar each (Panela) monthly.
Algorand x Mercy Corps Ventures
Algorand has been in contact with Mercy Corps Ventures before Ripple. Algorand’s Humanitarian Payment Committee with a goal of utilizing blockchain technology payments for United Nations agencies and non-governmental organizations.
The Committee is also keen on developing a robust cash programme for disaster-stricken regions. The Committee includes USDC issuer Circle, Mercy Corps Ventures, Worldpay Global, UN Development, and HesabPay, a payment platform that utilizes the Algorand network.
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