The American pharmaceutical company Wellgistics Health has announced a strategic implementation of the cryptocurrency XRP as a reserve asset for its treasury and a basis for instant payments in the healthcare sector. This will make it one of the first publicly traded companies in the medical sector to officially transition to blockchain solutions.
The project is funded through a $50 million secured line of credit, which will be used to launch the payment infrastructure and manage liquidity based on XRP.
"We challenge the notion that healthcare must remain tied to outdated systems, cumbersome intermediaries, and slow money transfers. The future winners in the medical field will not be those with the biggest offices, but those with the fastest financial rails, the cleanest data, and the most efficient platforms. We are betting on infrastructure, not inertia," said Wellgistics Health CEO Brian Norton.