Peersyst Technology, a team of blockchain developers in collaboration with Ripple, has launched the first national land registry on the XRP Ledger for operations in Colombia.
On July 1, Columbia embraced a Ripple-based solution for land registry. This is the first National Land Registry on the XRP Ledger for Colombians and was developed by Peersyst Technology in partnership with Ripple.
We Are On Twitter: Follow Us
This blockchain-based innovation is expected to help solve the nation’s land registry issues. More so, the solution will register over a hundred thousand adjudications in a short term to guarantee confidence for Colombians, Peersyst Technology noted.
According to the Spain-based software development firm Peersyst Technology, the land registry solution is based on the XRP Stamp, which allows for the registration of digital assets on the XRP Ledger (XRPL) and verification of their authenticity with the use of QR codes.
Read Also: Data Shows XRP Holds up Better in Current Bear Market as Unique Addresses Exceed 200k
The Ripple ecosystem has recorded some outstanding feats in recent times. Recall that the top crypto solutions and blockchain enterprise company unveiled a blockchain hub in Canada in a bid to expand its reach. In the same vein, Ripple has entered New Zealand via Airwallex’s use of the RippleNet utility.
Interestingly, Santiment revealed that Ripple’s token, XRP is holding up better than most altcoins in the prevailing bear market. Also, the XRP network recorded an increased interaction for the first time since February 2020, as unique addresses surpassed 200,000.
In addition, the popular large crypto transactions tracking service, Whale Alert published two large volume XRP transactions on July 1. Precisely, Ripple unlocked a total of 1 billion XRP in two separate transactions (500 million XRP each) from escrow.
Meanwhile, Ripple’s lawsuit with the United Securities and Exchange Commission (SEC) continues to linger. In a recent statement, Ripple is prepared for the worst should the SEC win the lawsuit.
Brad Garlinghouse, the CEO at Ripple noted that Ripple will move its services away from the United States if the ongoing case ends against the company.
Follow us on Twitter, Facebook, Telegram, and Google News
In a strategic move to expand its presence in the French cryptocurrency market, Cayman Islands-based…
The crypto market offers a golden chance right now. Major coins show strong recovery signals…
A recent analysis by prominent cryptocurrency analyst EGRAG CRYPTO (@egragcrypto) shed light on the potential…
Fox Business journalist Eleanor Terrett reported on November 15, 2024, that a group of Republican…
Standard Chartered has made an interesting prediction in line with the most recent wave of…
With the crypto market poised for its next significant upswing, experts are highlighting digital assets…