Wellgistics Embraces XRP for Payments and Reserves in Groundbreaking Move
Florida-based pharmaceutical distributor Wellgistics, a Nasdaq-listed company, has announced it will adopt XRP as both a payment method and a treasury reserve asset, marking a significant step toward blockchain integration in healthcare finance.
The company has allocated 50 million credits to facilitate this initiative, aiming to streamline cross-border transactions for pharmacies, suppliers, and healthcare departments. By leveraging XRP, Wellgistics seeks to cut down on the 3-day processing delays and $10–30 fees typical of traditional wire transfers, replacing them with near-instant, cost-efficient settlements.
A Shift Toward Agile Healthcare Finance
Wellgistics CEO Brian Norton challenged conventional industry norms, stating:
> "Healthcare shouldn’t be bogged down by outdated, inefficient systems. Success lies in *speed, digital efficiency**, and infrastructure that adapts—not in legacy inertia."*
Beyond reserve holdings, the company plans to explore programmable liquidity solutions and connected payment models tailored for healthcare—a sector ripe for blockchain-driven innovation.
Why This Matters
- XRP’s utility grows as more institutions adopt it for real-world use cases.
- Healthcare payments could see faster, cheaper cross-border transactions.
- 50M credit investment signals strong commitment to crypto-integrated finance.
With this move, Wellgistics positions itself at the forefront of digital asset adoption in healthcare—a sector traditionally slow to embrace change.
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