(*50*)
 
 
The Colombian authorities is in standing to benefit from the XRP blockchain know-how in keeping with current studies. Peersyst Technology, Ripple’s accomplice, additionally a software program and blockchain improvement agency, revealed it has launched the primary National Land Registry on the XRP Ledger (XRPL) for over 50 million Colombians.
First National Land Registry Launches On XRP Blockchain
The Barcelona-based agency revealed this in a tweet on July 1, noting that it had been engaged on the undertaking with the Colombian “Digital Government” initiative and the nation’s Ministry of Information Technology and Communication for over a 12 months now.
The undertaking can be utilized by the nation’s National Land Agency utilizing XRP Stamp – a blockchain-based initiative that allows digital recordsdata and information to be verified and licensed on XRP Ledger (XRPL). The info is then additional saved on the blockchain. Authenticity is verified with the usage of QR codes.
Peersyst Technology expressed gratitude to the Colombian Ministry of Information Technology and Communication, and Carmen Ligia Valderrama, the minister heading the federal government company, for opening the doorways of Colombia in an effort to welcome blockchain know-how, and likewise for his or her curiosity in transparency.
Peersyst has had a long-lasting partnership with Ripple, with many of the agency’s blockchain-based tasks being constructed on the XRP blockchain. In a means, each companies seem like twin corporations working collectively to realize widespread targets within the blockchain sphere.
 
 
Despite regulatory uncertainty, 80% of Colombians present curiosity in Crypto
The Latin American nation of Colombia has been late to the get together with regard to Bitcoin and cryptocurrency rules. Unlike its counterparts akin to Argentina, Brazil, and El Salvador which have outlined regulatory premises and created a thriving setting for digital belongings, Colombia only in the near past handed a invoice regulating crypto exchanges.
The invoice which was authorised by the Colombian Congress early final month gave readability on the mode of operation of cryptocurrency exchanges within the nation in order to guard residents from the hazards of Ponzi schemes involving Crypto. The invoice remains to be in its infancy and is predicted to cross three extra discussions earlier than approval as legislation.
Nonetheless, the shortage of correct regulation has not deterred Colombians from proudly owning or displaying curiosity in crypto. Per information from Triple-A, 6.1% of the Colombian inhabitants owned crypto in 2021 and 80% of Colombians confirmed curiosity in cryptocurrencies within the survey performed.
