#XRP Wellgistics, a Florida-based pharmaceutical distribution company on the Nasdaq exchange, announced that it will use $XRP as both a payment instrument and a treasury reserve asset. The company will use 50 million credits to support these costs.

According to the link, Wellgistics aims to reduce transaction times and costs in international money transfers for pharmacies, commissioning and departments by integrating #xrp beyond using reserve assets. While transaction terms in traditional transfers usually take up to 3 days, fees range from $10-30. The company emphasized that this system will enable globally compatible, fast and low-level improvement studies.

Wellgistics CEO Brian Norton said,