Wellgistics Health Inc. has launched a new XRP Ledger-based payment system that will be used by 6500 pharmacies across the US. This implementation showcases the potential of blockchain in the healthcare sector.
Launch of Wellgistics Health Payment System
Wellgistics Health Inc. (NASDAQ: WGRX), a major US pharmaceutical distributor, announced on August 3, 2025, the launch of a payment system based on the XRP Ledger for approximately 6500 pharmacies. This marks a significant application of blockchain technology within the healthcare industry.
Benefits of Using XRP Ledger
The payment system aims to reduce processing times and transactional costs in pharmaceutical settlements. This contrasts with traditional banking methods, which often experience multi-day delays and high costs. Furthermore, CEO Brian Norton emphasizes the transformative impact of blockchain technology on the industry.
Blockchain Potential in Other Industries
This launch could provide a foundation for similar blockchain applications in other sectors. The system incorporates regulatory compliance measures, including HIPAA and Anti-Money Laundering (AML) regulations, ensuring secure and legally compliant settlements between pharmacies and the distributor. Experts suggest that this case could serve as a model for other industries.
The launch of Wellgistics Health's payment system utilizing the XRP Ledger highlights the tangible benefits of blockchain technology in healthcare and opens opportunities for its application in other regulated sectors.
