Wellgistics Health Inc. (NASDAQ: WGRX), a leading distributor of pharmaceuticals, announced the launch of a payment system based on the XRP Ledger (XRPL) for over 6,500 independent pharmacies and 200 manufacturers in the USA. This initiative, started on August 3, 2025, is one of the first large-scale blockchain implementations in healthcare. The system, created in partnership with RxERP, enables instant, low-cost transactions, bypassing traditional banking delays and high credit card fees.
The platform complies with HIPAA and AML standards, ensuring security and transparency. Pharmacies can pay for medications and transfer funds in real-time, improving their cash flow and streamlining operations. According to Wellgistics CEO Brian Norton, pharmacy owners have been more open to blockchain than expected, recognizing its transformational potential.
The company plans to expand the program by connecting manufacturers and testing direct deliveries of medications to patients. Wellgistics also uses $XRP as a treasury reserve asset, supporting this solution with a $50 million line of credit. Despite an 80% drop in stock after the IPO in February 2025, the initiative demonstrates the company’s ambitious vision for integrating blockchain into healthcare.
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