Wellgistics Health, a Florida-based pharmaceutical distribution company, announced the integration of XRP into its financial infrastructure as part of a $50 million financing deal.
Initiative Details:
Financing: Wellgistics has obtained a $50 million credit line from LDA Capital to support the integration of XRP into its financial operations.
Uses:
Using XRP as a Treasury Reserve
Real-Time Payments Infrastructure
Objectives:
Accelerating payments between over 6,000 American pharmacies, reducing settlement time from days to seconds
Reducing costs associated with traditional bank transfers
Enhancing transparency and compliance by recording transactions on the XRP ledger
Providing credit lines backed by XRP to support the liquidity of independent pharmacies
This step makes Wellgistics one of the first publicly listed companies in the healthcare sector to officially adopt XRP, representing a significant shift in how companies engage with financial technology.
Summary:
The news is reliable and has been confirmed by multiple sources, including Cointelegraph, CoinDesk, and GlobeNewswire. This development represents an important step in the adoption of digital currencies in the healthcare sector and could have a significant impact on how payments and financial transactions are executed in this field.
Finally
This step is one of the upcoming steps for other companies and institutions that will take the initiative to adopt this token, especially with the rise of ptc, and we may be facing a new phase and a new leap for xrp
Good luck to everyone.
