US-based company Welgistics Health has announced plans to use XRP not just as an investment vehicle but as a payment instrument within its business model.
Welgistics Health's Plans to Integrate XRP
Documents filed by the company with the SEC confirm that XRP will be integrated into its business model. Attorney Bill Morgan noted that this is not just an asset but part of the company's financial structure, which plans to use the XRP Ledger infrastructure to process transactions with pharmacy customers and manufacturing partners.
Expert Opinions on XRP's Future
Bill Morgan highlighted that the initiative by Welgistics Health showcases a real-world use case for XRP in business. However, opinions in the cryptocurrency community are mixed. Supporters of XRP see the project as a positive example, while some experts express skepticism regarding the company's financial structure.
Criticism and Doubts About the Company's Viability
Former securities attorney Mark Fagel pointed out that Welgistics Health's actual assets are limited and that its recent financial reports include a warning regarding the need to ‘continue operating’. Concerns have also been raised that XRP could be used merely as a marketing tool. Many voices in the community are warning of potential risks.
The initiative by Welgistics Health may open new avenues for the use of XRP, but remaining questions regarding the company's financial stability and its ability to execute its plans continue to spark debate within the cryptocurrency community.
