Gigante Wellgistics ADOPTA XRP for REAL-TIME payments
Wave of mass adoption on the horizon?
The pharmaceutical distribution company Wellgistics has revealed its strategy to integrate #xrp as a real-time payment platform and treasury management asset, becoming one of the first public entities to take this significant step.
The Florida-based firm plans to use XRP and its associated blockchain network to improve the speed of remittances and reduce settlement fees for pharmacies, suppliers, and manufacturers.
Wellgistics aims to overcome the limitations of standard bank transfers, which can take up to three days and cost between $10 and $30, with XRP's ability to settle transactions in 3-5 seconds at a cost of less than a cent.
"We challenge the notion that healthcare should be tied to legacy systems, overloaded intermediaries, and slow-moving money," said Brian Norton, CEO of Wellgistics.
Wellgistics will fund its XRP integration and treasury reserve plan through a $50 million ELOC credit line.
“I believe the future winners in the healthcare sector will not be the companies with the largest buildings... but those with the fastest pathways, cleanest data, and most efficient platforms,” Norton added. “We are betting on the infrastructure... not on inertia.”
