- Wellgistics Health will use a $50M credit line to integrate XRP for faster, low-cost healthcare payments.
- XRP’s near-instant settlement and audit-ready ledger aim to modernize Wellgistics’ pharma payment systems.
- The company plans blockchain-powered rebates, credit options, and cross-border payments for suppliers.
Wellgistics Health, a publicly listed medical distribution firm, has issued plans to integrate XRP as key part of its financial activity. The Florida-based firm Shyft Nation confirmed the implementation of the scheme will be supported by a $50 million credit facility, which will be used to deploy real-time payment processing and blockchain-backed liquidity solutions.
The firm claims that its initiative is aimed at minimizing delays and transaction costs along its chain of pharmacies, manufacturers, and suppliers. Wellgistics plans to use blockchain technology aiming healthcare payments process, settled in a modern way within the supply chain.
Transitioning to Blockchain for Faster Payments
Traditional payment channels like wire transfers and ACH can take several days to complete and come with processing fees and limitations based on geography. Wellgistics intends to use XRP to eliminate these issues by enabling near-instant transactions.
The company says XRP enables transactions to settle within seconds at an extremely low cost, helping accelerate payments while removing the need for middlemen. The blockchain framework being adopted will also ensure transparent documentation and include integrated tools for verifying and auditing transactions in real time.
Wellgistics stated that blockchain settlement can help the healthcare sector become more responsive and flexible in managing high-volume transactions. The company wants to create a payment infrastructure that operates around the clock without depending on traditional banking hours.
Expanding XRP Utility Throughout the Healthcare Supply Network
The application of XRP within the company goes beyond basic payments. Wellgistics plans to roll out features like automatic rebates tied to prescription-level data and blockchain-based credit options for small and independent pharmacies. This is intended to help streamline the flow of money within the pharmaceutical ecosystem.
Cross-border transactions are also part of the company’s strategy. With XRP, Wellgistics expects to support global supplier payments at lower foreign exchange costs and with faster settlement. All transaction data will be logged directly on the blockchain, providing a permanent and reviewable payment history.
As part of federal regulatory requirements such as the Drug Supply Chain Security Act (DSCSA), Wellgistics sees XRP’s ledger as a way to meet audit and compliance standards through real-time reporting and pricing validation tools.
Broader Market Trends Supporting XRP Adoption
The announcement by Wellgistics comes as other major institutions move toward XRP adoption. CME Group is preparing to launch futures contracts tied to XRP, offering a regulated financial product for the token. Mastercard has also named XRP as a viable bridge currency for international payments.
Ripple, the entity responsible for XRP, has been steadily broadening its international footprint. Its recent initiatives, such as acquiring a financial brokerage and extending payment infrastructure across Europe and South America, reflect a strategic push into institutional finance.
Wellgistics seems to be moving in step with this momentum. CEO Brian Norton recently emphasized the firm’s commitment to developing faster platforms, improving data management, and enhancing overall efficiency. He also pointed out that legacy financial systems are no longer suitable for the demands of modern healthcare.
Funding and Future Development
The $50 million credit facility will support the acquisition of XRP for reserve purposes, as well as investments into real-time payment tools and blockchain infrastructure. The company has not provided an exact timeline for full deployment but said the credit line gives it flexibility to build out services as needed.
Wellgistics has not disclosed the partners involved in its technical setup or the volume of XRP it intends to purchase. More details are expected as development progresses.
