#Wellgistics aims to implement fast and low-run transactions in the healthcare sector by adopting XRP as a payment and reserve instrument.
Florida-based pharmaceutical market company Wellgistics announced that it will use $XRP as both a payment instrument and a treasury reserve asset. The company provided a 50 million share loan to support this opportunity.
According to the structure, Wellgistics aims to reduce transaction times and costs in international money transfers for pharmacies, continuous and programs by integrating #xrp .
While transaction terms in traditional remittances usually take up to 3 days, fees range between $10-30. The company emphasized that this system will enable globally compatible, fast and low-run transactions.
Wellgistics CEO Brian Norton said, "We are challenging the natural idea that healthcare should be dependent on heavy-duty, vehicle-filled systems." Norton also emphasized that success in the healthcare sector is no longer in massive structures, but is organized in fast infrastructure and efficient digital systems: "We host infrastructure, not inertia."
The company plans to use its 50 million investment credit line not only to benchmark against XRP, but also to explore specialized programmable liquidity solutions and general connected payment models in the healthcare sector.
