Ripple Boosts Colombian Farming Efficiency Through Blockchain-Driven Financing Model

Ripple, in partnership with Mercy Corps Ventures, has launched a pilot program in Colombia to empower 300 small-scale sugarcane farmers. This XRPL-based platform provides immediate access to finance while streamlining supply chain transparency. Utilizing the innovative ‘Farm Now, Pay Later’ model, farmers cover planting expenses upfront and repay at harvest time, thereby boosting production capacity and optimizing income cycles. This program highlights a significant improvement for women, who constitute 46% of producers in this initiative, exceeding industry averages.