Ripple Labs is deploying the XRP Ledger to stimulate the agricultural economy in Colombia. The initiative aims to empower smallholder farmers by enhancing traceability and providing microfinance opportunities. This effort is part of Ripple Impact's 'Unlocking Opportunity' program's second pilot launch, indicating Ripple's commitment to financial inclusion in agriculture.

The program seeks to address financial challenges faced by smallholders in Colombia, potentially transforming their economic prospects by using blockchain technology for better transparency and financial services.