Wellgistics Health (NASDAQ: WGRX), a technology-driven healthcare firm, has filed an S-1 registration statement with the U.S. Securities and Exchange Commission. The document outlines its strategic adoption of XRP and the XRP Ledger (XRPL) across several operational areas. The company plans to utilize XRP beyond reserves by integrating the ledger for real-time payments between pharmacies, manufacturers, and partners.
Attorney Bill Morgan shared insights into the filing, noting that Wellgistics aims to implement XRP in ways that include transaction settlements, reserve holdings, and as collateral for funding. According to Morgan, this filing presents a functional business application of XRP, showing how the token can support enterprise-level financial workflows despite ongoing scrutiny.
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