$XRP Wellgistics adopts XRP for payments and treasury use

May 9, 2025 15:50

Wellgistics, a pharmaceutical distribution company based in Florida, has announced that it will integrate XRP as a real-time payment channel and a treasury management asset, becoming one of the first public companies in the healthcare supply chain to do so.

In a press release issued on Thursday, the company stated that its goal is to modernize the payment infrastructure for pharmacies, providers, and manufacturers, promising faster settlements and lower fees through XRP Ledger.

Faster and cheaper global transactions

Wellgistics highlighted the limitations of traditional bank transfers, which can take up to three days and cost between $10 and $30 per transaction. In contrast, XRP transactions are completed in 3-5 seconds, with average costs of less than a cent and without geographical limitations.

“We question the idea that healthcare has to be tied to legacy systems, bloated intermediaries, and slow-moving money,” said CEO Brian Norton.

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$50 million line of credit to finance integration

To support its XRP initiative, Wellgistics has secured an expandable line of credit (ELOC) of $50 million. The funds will help finance both the integration and the creation of a treasury reserve for XRP. The company also hinted at broader ambitions, such as programmable liquidity and on-demand payment systems for the healthcare sector.

This move positions Wellgistics at the forefront of blockchain adoption in the medical supply space, as use cases for digital assets continue to expand beyond finance and into business operations.