Wellgistics Health has introduced a new XRP-based payment system for pharmacies, allowing over 6,500 pharmacies to make instant and low-cost payments.
Details of the XRP Program Launch
Recently, Wellgistics Health submitted a new filing to the U.S. Securities and Exchange Commission, confirming the launch of its XRP Ledger-based payment program. This initiative will enable pharmacies to pay for products instantly and at low fees, minimizing the use of traditional banks and credit cards.
Widespread Deployment
Wellgistics serves more than 6,500 independent pharmacies and 200 manufacturers nationwide. The SEC filing refers to the new rollout as a scalable XRP-based payment solution, indicating that it is a fully operational program rather than a pilot project. The onboarding process is already underway.
XRP Treasury Management
In addition to launching the payment program, Wellgistics Health has also filed with the SEC to incorporate XRP into its treasury management. The company plans to use XRP as a treasury asset and as collateral for loans, marking a significant step in the development of modern blockchain payment solutions.
The launch of Wellgistics Health's XRP payment system represents an important step in blockchain development within the healthcare sector and may lead to wider adoption of this technology.
