Wellgistics Health, a Nasdaq-listed company, has integrated the XRP Ledger into its operations, attracting attention from both supporters and critics of cryptocurrency.
Integration of XRP into Wellgistics Health Operations
Wellgistics Health, with modest revenue and ongoing losses, has integrated XRP Ledger into its processes. This move was noted positively by crypto legal advocate Bill Morgan, who called it a step toward real-world business utility.
Expert Opinions on Cryptocurrency Strategies
However, concerns were raised by former SEC attorney Marc Fagel, who in a post on X (formerly Twitter) expressed skepticism about why a struggling healthcare company would need to accumulate cryptocurrency: "Why would a health startup with minimal assets need a crypto stockpile?". Morgan countered that XRP adoption may be a strategic move for fundraising and treasury management.
Trends in Cryptocurrency Use in Healthcare
There is a growing trend among companies to utilize digital assets not only as speculative tools but also as infrastructure. For instance, Nature's Miracle announced plans to allocate up to $20 billion into XRP as a treasury asset. Other healthcare companies are similarly taking this route, including Prenetics Global, which invested $20 million into Bitcoin, and Kindly MD, which has already acquired 21 BTC.
Thus, the integration of cryptocurrencies into the operations of healthcare companies raises many questions regarding their feasibility and old and new approaches to financing.
