- Wellgistics launches XRP payments, reaching over 6,500 U.S. pharmacies.
- SEC filing confirms nationwide blockchain rollout in healthcare supply chain.
- $50 million credit backs XRP payments and treasury expansion plan.
According to prominent lawyer and digital asset advocate Bill Morgan, Wellgistics Health has submitted new details to the U.S. Securities and Exchange Commission confirming the launch of its XRP Ledger-based payment program. According to the filing, this initiative was launched yesterday, providing pharmacies with the means to pay instant, low fees on products.
The company’s strategy is to minimize the use of conventional banks and credit card systems. With blockchain technology, Wellgistics is offering independent pharmacies faster, cheaper, and direct payment options.
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Program Designed for Scale
Wellgistics serves more than 6,500 independent pharmacies and 200 manufacturers nationwide. The SEC filing refers to the new rollout as an XRP-based payment solution at scale, which means that it is not a trial but a complete operational program.
Morgan observed that this scale provides the project with an immediate integration possibility within the company’s current network. He further highlighted that the onboarding process is already underway, and pharmacies are already registering themselves by filling out a formal form.
Expansion Into XRP Treasury Management
In addition to launching the payment program, Wellgistics Health, Inc. (NASDAQ: WGRX) has also filed with the SEC to incorporate XRP into its treasury management. With a $50 million Equity Line of Credit provided by LDA Capital, the firm will integrate blockchain into its financial infrastructure and continue to increase its XRP reserves slowly.
The filing describes that it intends to use the XRP as a treasury asset, as security against loans, and to facilitate the continued development of blockchain-based payment solutions. It is a significant milestone in the history of the U.S. healthcare industry since no other publicly traded healthcare firm has embraced XRP as a treasury asset.
Strengthening XRP’s Real-World Use
The SEC documents point to the inefficiencies of traditional banking, such as high fees and transaction delays, and contrast these with XRP’s low-cost, near-instant settlement capabilities. Regulatory filings, national service network, and live onboarding process make Wellgistics build XRP as a working payment instrument within the healthcare supply chain.
Wellgistics Health’s SEC-filed XRP payment program will serve more than 6,500 pharmacies and incorporate XRP into its treasury strategy. This combined approach could influence broader blockchain adoption in the healthcare industry.
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