Wellgistics Health has decided to use the cryptocurrency XRP for payments, generating varied responses from financial experts and lawyers.
Marc Fagel Questions Wellgistics' Use of XRP
SEC lawyer Marc Fagel publicly criticized Wellgistics Health's decision to use XRP. He expressed concerns regarding the company's financial state, highlighting low revenue and ongoing losses. Fagel questioned why a financially struggling healthcare company would choose to hold a volatile digital asset.
Contrasting Views on XRP Adoption
Lawyer Bill Morgan, a supporter of XRP, offered a different perspective. He suggested that Wellgistics might be using XRP to attract investors and raise funds. Morgan noted that incorporating cryptocurrencies is part of broader financial strategies that companies are exploring.
Institutional Investments in XRP Increase
An increasing number of public companies are making significant investments in XRP, with total corporate commitments nearing $1 billion. For instance, Trident Digital plans to raise $500 million to establish a corporate treasury based on XRP, reflecting a growing interest in blockchain-based assets.
The decision by Wellgistics Health to use XRP has sparked diverse opinions. While some experts express concerns about the rationale behind the strategy, others see potential advantages in attracting investments.
