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cryptocurrency Colombia Is Preparing to Use Ripple's XRPL Blockchain

cryptocurrency Colom

Colombia Is Preparing to Use Ripple's XRPL Blockchain 

for Land Registry

After a year of effort, Barcelona-based software development company Peersyst Technology and fintech company Ripple (XRP) announced the launch of Colombia's first National Land Registry on the XRPL Blockchain. Colombia's National Land Agency, AgenciaTierras, has adopted this solution.

This blockchain is built on the XRP stamp, which permits the registration of digital assets on XRPL and uses a QR code to confirm their legitimacy.

In addition to utilizing the XRPL blockchain, Peersyst Technology is a steadfast Ripple partner, as they proudly declare on their official website. “Excited to continue our alliance for the upcoming year as the dependable blockchain company providing tech with our partner Ripple,” the company announced in a recent tweet about its renewed partnership with Ripple.

In other developments, Ripple CTO Joel Katz announced the release of Clio 1.0, an XRP Ledger API server that intends to improve the scalability of access to XRPL data. Clio 1.0 is intended to improve API request output, enable easier horizontal scaling, and reduce memory use and storage cost.

According to a fresh report by an On-chain analytics company, the number of daily active addresses on XRP is now rising and surpassing 200,000 for the first time since 2020.

As of right now, XRP has more unique addresses linked to the network than it has in almost two and a half years. According to the data released from sources on June 30, “On Thursday when cryptocurrency prices are declining, XRP is faring better than most altcoins…This is worth watching.”


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