Columbia Adopts Ripple Ledger (XRPL) for Issuing Land Titles
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“The solution has been implemented for AgenciaTierras is based on xrpstamp which allows to register digital assets on XRPL and verify their authenticity with QRCode.”
The latest development means that authorities can issue land-related documents and verify the authenticity of said documents without employing the services of a third party to see the process through.
The project integrated the XRPL to help verify the status of numerous landowners without the necessary documents to prove the ownership of the land they occupy.
Peersyst Technology further noted that the innovative solution has a short-term goal of certifying over 100,000 land adjudications to spark confidence in the product in Colombians.
Meanwhile, other Latin American countries are looking into leveraging the use of blockchain and crypto solutions for numerous government goals. For example, the Brazilian Blockchain Network aims at improving government transparency by using the blockchain to document every public transaction.
Key Ripple Levels to Watch — July 4
Ripple continues to hold the $0.3200 support line as a mild bullish momentum sweeps across the crypto market on Monday. The seventh-largest cryptocurrency now positions for a push to the $0.3400 resistance as it enjoys some support from an ascending trendline.
However, the prevailing sentiment in the market remains bearish, warranting some caution on bullish hopes. Also, the 4-hour stochastic indicator shows that the cryptocurrency has reached the end of the line in bullish momentum, and a correction should ensue soon. Regardless, I do not see a sustained push above $0.3500 occurring anytime soon.
Meanwhile, my resistance levels are $0.3400, $0.3500, and $0.3600, and my support levels are $0.3200, $0.3000, and $0.2800.
Total Market Capitalization: $893.6 billion
Ripple Market Capitalization: $15.6 billion
Ripple Dominance: 1.75%
Market Rank: #7
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