Wellgistics Health Pioneers XRP Use in Healthcare Infrastructure

Wellgistics Health, Inc., a publicly traded pharmaceutical distribution and healthcare infrastructure company, has announced a $50 million Equity Line of Credit (ELOC) to support the integration of XRP, a blockchain-based digital asset, into its operations. The initiative aims to utilize XRP for treasury reserves and real-time payments infrastructure, positioning Wellgistics at the forefront of digital asset deployment in the healthcare sector.

This decision is expected to reduce banking delays, lower costs, and increase transparency within Wellgistics' healthcare network. The company sees significant benefits in XRP's rapid transaction speed, reduced transfer costs, and enhanced transparency for compliance and rebate tracking.

By enabling real-time settlements, smart rebates, and global vendor payouts, Wellgistics aims to enhance financial liquidity across its ecosystem of pharmacies and manufacturers. This move aligns with broader industry trends as XRP gains acceptance in institutional financial services, highlighted by partnerships with enterprises like Mastercard and regulatory strides in regions like Dubai.