Wellgistics Health Inc. is implementing a payment system based on the Book Mayor XRP for thousands of pharmacies in the United States, deepening its bet in Blockchain while seeking to review medical care finances.
The Nasdaq list distributor (Wgrx) He has announced that his new platform allows independent pharmacies to pay the drug inventory and move funds instantly, without going through bank delays and high credit card rates.
Integrated with RXERP, an electronic resources planning system and e -commerce in series, the program promises real -time monitoring, lower costs and direct liquidation between pharmacies and distributors. Pharmacies can now register in the beta version of the program.
The system is built in the XRP accounting book (XRPL)An open source block chain with core development led by Ripple Labs. With a network of more than 6,500 pharmacies and 200 manufacturers, Wellgistics is one of the first health companies in launching an XRPL payment solution at scale. The executive president Brian Norton said that pharmacy owners have adopted the initiative, calling them more advanced in blockchain than many in the industry.
The program allows pharmacies to liquidate XRPL invoices, although Wellgistics has not revealed whether participants must keep XRP directly or use XRP Fiat conversions for settlement.
The program was designed to comply with strict compliance standards, including the requirements of Hipaa and Anti-launch of money. After the launch of the pharmacy, Wellgistics plans to extend the platform to manufacturers and try direct programs to patients, allowing medications to be sent from medication manufacturers directly to patients under the supervision of the doctor.
The initiative is based on a May 8 advertisement that Wellgistics intends to use XRP not only for payments but also as a treasure reserve asset. This plan is backed by a $ 50 million capital credit line, which according to management would support programmable liquidity and financial infrastructure on request in its health network.
Founded as Wellgistics LLC in 2016, the company was acquired by Danam Health in September 2024 before being split through an initial public offer in February 2025. Today, Wellgistics Health operates as an independent entity that mentioned Nasdaq, providing total distribution, prescription routing and mortal services from AI to pharmacies at the national level.
The actions have fallen more than 80% since the February debut. They closed on Tuesday at $ 0.62, 7%less, before increasing to $ 0.65 in trade off hours.
By linking pharmacy payments to the Book Mayor XRP while preparing to keep XRP in their balance sheet, Wellgistics is positioning itself as a user and a financial sponsor of the block chain. The double tip approach marks a rare instance of a health company that is publicly negotiated that integrates cryptography both in operations and in treasure management.
