XRP Ledger used by pharmaceutical distributor listed on Nasdaq to boost payment system for pharmacies.
The distributor is implementing a system based on XRPL for 6,500 pharmacies, aiming to accelerate payments, reduce costs, and expand the use of blockchain in healthcare financing.
What to know:
Wellgistics Health has launched a payment program on the XRP Ledger serving thousands of pharmacies and manufacturers.
The company revealed in May that it will also adopt XRP as a treasury reserve asset.
Wellgistics Health Inc. is implementing a payment system based on the XRP Ledger for thousands of pharmacies in the United States, deepening its bet on blockchain while seeking to reshape healthcare financing.
The Nasdaq-listed distributor (WGRX) has announced that its new platform allows independent pharmacies to pay for medication inventory and move funds instantly, bypassing banking delays and high credit card fees.
Integrated with RxERP, a serialized pharmaceutical e-commerce and enterprise resource planning system, the program promises real-time tracking, cost reduction, and direct settlement between pharmacies and distributors. Pharmacies can now sign up for the beta version of the program.
