$XRP It appears there may be some confusion regarding Wellgistics, a Florida-based pharmaceutical distribution company. As of my latest information, Wellgistics has not announced any initiatives involving the use of XRP (Ripple's cryptocurrency) for payments or treasury reserves. The company is not listed on the Nasdaq exchange, and there are no public records of such an announcement.

However, a similar initiative was undertaken by Worksport Ltd. (NASDAQ: WKSP), a U.S.-based manufacturer of hybrid and clean energy solutions for the light truck sector. In December 2024, Worksport announced that it would allocate up to $5 million—representing 10% of its excess operational cash reserves—into Bitcoin (BTC) and XRP as part of its corporate treasury strategy. This move aims to enhance transaction efficiency and reduce costs, with crypto transactions expected to cost up to 37% less. Additionally, Worksport plans to accept cryptocurrency payments on its e-commerce platform and convert interest earnings from money market accounts into BTC and XRP .