Wellgistics Health is stepping into new territory by embracing XRP for real-time payments and treasury management.
The pharmaceutical distribution company is making headlines as one of the first public firms to integrate XRP into its financial operations.Â
The decision aims to solve a long-standing issue in the healthcare supply chain, which is slow, expensive payment systems. By shifting to blockchain-powered rails, Wellgistics hopes to speed up remittances and significantly cut settlement fees for pharmacies, suppliers, and manufacturers.
Wellgistics Adopts XRP for Real-Time Payments
Standard wire transfers can take days and come with steep fees. In contrast, XRP promises transactions that are completed in seconds and cost less than a penny.
This shift could be a game changer for the thousands of independent pharmacies that depend on fast, reliable, and cost-effective payments to keep running smoothly.
Backing the Move with Real Capital
To fuel this transformation, Wellgistics is leaning on a $50 million equity line of credit. These funds will help the company build out its new blockchain-powered financial infrastructure.
The focus is on removing delays, lowering costs, and increasing transparency, the three areas that have long held back innovation in the healthcare payments space.
Wellgistics CEO Brian Norton explained that this move is part of a broader vision to eliminate unnecessary middlemen in the healthcare system.
He wants to replace outdated financial systems with something faster and smarter. In his view, the future belongs to companies that can move capital quickly and clearly, not the ones tied to legacy methods.
Why XRP and Why Now?
Wellgistics isn’t jumping into XRP without a strategy. They have identified specific benefits that align with their goals. XRP offers nearly instant transaction speeds, at just 3 to 5 seconds, compared to the days it takes for traditional payments to clear.
The cost per transfer is a fraction of a cent, far less than the $10 to $30 fees that come with wire transfers. Transactions are also fully traceable on the public XRP Ledger, which helps with compliance, rebate tracking, and audits.
Another major upside is global reach. With XRP, Wellgistics can support cross-border payments without getting bogged down by foreign exchange fees or high transfer costs.
There’s also room to provide XRP-backed credit lines for independent pharmacies, helping them maintain liquidity.
Also Read: Analyst Sees Bullish Reversal Pattern In XRP, Targets $2.70
Real-World Applications Across the Network
Wellgistics has outlined practical use cases that include real-time settlement between pharmacies and suppliers, smart rebates based on real-world data, and global payouts with minimal fees.
The company even sees potential in using XRP to back lines of credit for smaller players in their network.
From compliance to pricing validation, the goal is to build a healthcare platform that’s both lean and powerful. CFO Mark DiSiena stated that this infrastructure gives them an edge in an industry that often struggles with speed and control.
XRP’s Growing Institutional Footprint
Wellgistics is not alone in betting on XRP. Around the globe, institutional interest in XRP is growing. The CME Group is preparing to launch XRP futures, giving big investors new ways to access the asset.
Mastercard has named XRP as a useful tool for cross-border payments in its latest report. Ripple, the company behind XRP, is also making major moves.
It recently acquired brokerage firm Hidden Road for $1.25 billion and secured licensing in Dubai. Ripple is also opening new remittance corridors between countries like Brazil and Portugal.
XRP’s Price Actions
At the time of reporting, XRP is trading at $2.39, reflecting a daily gain of more than 8%. The global market cap for XRP stands at $140.43 billion, with a trading volume that’s up 33.07% in the last 24 hours.
These numbers show growing momentum for the asset and increasing trust from institutional and public players alike.
Wellgistics is taking a clear stand in favour of innovation. By adopting XRP, the company is not just upgrading its financial tools, it is sending a message. The future of healthcare payments will be defined by speed, transparency, and efficiency.
Also Read: Coinbase Files To List XRP Futures Amid Legal Clarity On XRP As An Asset