$XRP American pharmaceutical company Wellgistics Health has announced a strategic implementation of cryptocurrency XRP as a reserve asset for the treasury and the basis for instant payments in the healthcare sector. This will make it one of the first public companies in the medical sector to officially transition to blockchain solutions.

The project is funded through a $50 million property-backed credit line, which will be used to launch the payment infrastructure and manage liquidity based on XRP.

"We are challenging the notion that healthcare must remain tethered to outdated systems, cumbersome intermediaries, and slow money transfers. The future winners in the medical field are not those with the largest offices, but those with the fastest financial rails, cleanest data, and most efficient platforms. We are betting on infrastructure, not inertia," said Wellgistics Health CEO Brian Norton.