Wellgistics Health, a healthcare infrastructure company, announced on May 8 that it will incorporate XRP and related technologies into its payment network. This integration aims to enhance transactions among pharmacies, medical suppliers, and prescription medication manufacturers. The company highlighted the efficiency of XRP transactions, citing their quick finality time and minimal costs compared to traditional methods like ACH payments and wire transfers. CEO Brian Norton emphasized that utilizing XRP will reduce cross-border friction and enable real-time settlement between various businesses in the supply chain. The adoption of blockchain payment rails and cryptocurrencies can significantly decrease international transaction expenses, creating new business opportunities and expanding global trade accessibility, especially for residents in developing nations. Despite the potential benefits, some financial institutions have expressed concerns about the impact of stablecoins on the banking industry, as seen in the GENIUS stablecoin bill discussions in March 2025. Read more AI-generated news on: https://app.chaingpt.org/news

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