Wellgistics, a Florida-based pharmaceutical distribution company on the Nasdaq exchange, announced that it will use $XRP as both a payment instrument and a treasury reserve asset. The company will use 50 million credits to support these costs.
According to the link, Wellgistics aims to reduce transaction times and costs in international money transfers for pharmacies, commissioning and departments by integrating #xrp beyond using reserve assets. While transaction terms in traditional transfers usually take up to 3 days, fees range from $10-30. The company emphasized that this system will enable globally compatible, fast and low-level improvement studies.
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 the 50 million investment credits not only to benchmark against XRP, but also to explore specialized programmable liquidity solutions and general connected payment models in the healthcare sector.
