PANews August 16 news, according to Cointelegraph, the medical technology public company Wellgistics Health is collaborating with pharmaceutical software company RxERP to develop a brand new blockchain system. This system enables pharmacies to pay for product costs and transfer funds, while recording all payment transactions on Ripple's XRP ledger, providing an alternative to traditional bank transfers for wholesale drug procurement. Wellgistics Health has approximately 6,500 pharmacies across the United States. Wellgistics stated that the system complies with healthcare and financial regulations, including the privacy requirements of the Health Insurance Portability and Accountability Act (HIPAA) and anti-money laundering (AML) regulations.