Wellgistics Health Inc., a Nasdaq-listed pharmaceutical distributor, has deployed an XRP Ledger-based payment platform to facilitate real-time transactions between pharmacies and suppliers.
The program integrates with RxERP, enabling over 6,500 independent pharmacies and 200 manufacturers to settle invoices instantly, bypassing traditional banking delays and credit card fees.
Compliance features include HIPAA standards and anti-money laundering controls, ensuring secure and regulated transfers over the open-source XRPL network.
Following an announcement in May, Wellgistics will also adopt XRP as a treasury reserve asset, supported by a $50 million equity line of credit for programmable liquidity.
The initiative aims to streamline healthcare finance by reducing operational costs, improving cash flow predictability, and expanding blockchain utility in a traditionally paper-intensive industry.
Future phases will extend the system to manufacturers and explore direct-to-patient distribution models under physician oversight.
Wellgistics operates as a standalone entity after its IPO in February 2025, providing wholesale distribution and AI-driven hub services through an acquired network of logistics and technology assets.
Shares have experienced significant volatility since the IPO, highlighting the need for cost-saving measures and differentiated service offerings in a competitive market.
By linking pharmacy payments to the XRP Ledger, Wellgistics seeks to demonstrate blockchain’s practical benefits and position itself as both a user and financial backer of the technology.
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