Wellistes Health Inc. deploys a payment system based on the big XRP book for thousands of pharmacies in the United States, deepening his bet on blockchain while he seeks to revise the financing of health care.
The distributor classified at NASDAQ (WGRX) announced that its new platform allows independent pharmacies to pay the inventory of medicines and to move funds instantly, by circumventing bank delays and high credit card costs.
Integrated with RXERP, an online pharmaceutical online planning system and business resources planning, the program promises real -time monitoring, lower costs and direct regulations between pharmacies and distributors. Pharmacies can now register for the beta version of the program.
The system is built on the Ledger XRP (XRPL)An open source blockchain with basic development led by Ripple Labs. With a network of more than 6,500 pharmacies and 200 manufacturers, Wellgistics is one of the first health care companies to launch a large -scale XRPL payment solution. Director General, Brian Norton, said that pharmacy owners had adopted the initiative, qualifying them more avant-garde on the blockchain than many members of the industry.
The program allows pharmacies to pay the invoices on XRPL, although the goods of goods are not revealed if the participants had to hold XRP directly or use the Fiat-XRP conversions for the settlement.
The program has been designed to meet strict compliance standards, including HIPAA and money-breaches requirements. After the deployment of the pharmacy, Welgistics plans to extend the platform to manufacturers and test direct patient programs, allowing drugs to ship medication manufacturers directly to patients under doctors’ monitoring.
The initiative is based on an announcement of May 8 according to which Welgistics intends to use XRP not only for payments but also as a reserve asset of the Treasury. This plan is supported by an equity credit line of $ 50 million, which, according to management, would support programmable liquidity and financial infrastructure on demand in its health care network.
Founded as Wellgistes LLC In 2016, the company was acquired by Danam Health in September 2024 before being disturbed by a first public public call in February 2025. Today, Wellgistics Health operates as an autonomous Nasdaq entity, providing wholesale distribution services, prescription routing and food jugs on a national scale.
Actions have dropped by more than 80% since the beginnings in February. They closed on Tuesday at $ 0.62, down 7%, before moving to $ 0.65 in exchange after working hours.
By connecting pharmacy payments to the large XRP book while preparing to maintain XRP on its assessment, Wellgistics is positioned both as a user and funder of the blockchain. The double height approach marks a rare example of a health care company listed on the stock market incorporating crypto into operations and treasure management.
