KEY FACTS: Wellgistics Health, Inc., a Florida-based pharmaceutical distribution company listed on NASDAQ (WGRX), has announced the integration of XRP into its payment network and treasury operations, backed by a $50 million Equity Line of Credit. The initiative is aimed at revolutionizing the healthcare supply chain, leveraging XRP’s 3–5 second transaction settlements and minimal fees to streamline payments across 6,000 pharmacies and suppliers, bypassing inefficient legacy systems like ACH.

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Source: Wellgistics Health

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Wellgistics Health Pioneers XRP Integration for Real-Time Healthcare Payments

Wellgistics Health, Inc. (NASDAQ: WGRX), a Florida-based pharmaceutical distribution and healthcare infrastructure company, has announced an ambitious initiative to integrate XRP, a blockchain-based digital asset, into its payment network and treasury operations. Backed by a newly secured $50 million Equity Line of Credit (ELOC), Wellgistics aims to revolutionize the healthcare supply chain by leveraging XRP’s speed, low costs, and transparency to streamline transactions among pharmacies, medical suppliers, and prescription medication manufacturers.

Wellgistics Health, Inc. (NASDAQ: WGRX), a technology-first pharmaceutical distribution and healthcare infrastructure company, today announced a new initiative to pioneer the use of XRP, a blockchain-based digital asset, as both a treasury reserve and a real-time payments infrastructure-which management believes, upon successful commercialization, would make Wellgistics among the first publicly traded healthcare companies to deploy XRP in this manner.
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This step positions Wellgistics as one of the first publicly traded healthcare companies in the United States to adopt XRP for both real-time payments and treasury reserves. The healthcare industry has long been plagued by inefficiencies in its financial infrastructure, with legacy systems like automated clearinghouse (ACH) payments and wire transfers causing delays of days and incurring high fees. Wellgistics’ adoption of XRP, a cryptocurrency native to the XRP Ledger, seeks to address these pain points by enabling near-instantaneous transaction settlements at a fraction of the cost.

According to the company’s announcement on May 8, XRP transactions settle in 3–5 seconds with fees as low as fractions of a cent, a stark contrast to the multi-day processing times and costly charges associated with traditional banking methods. This efficiency is expected to reduce cross-border friction, enhance transparency, and unlock capital velocity across Wellgistics’ nationwide network of over 6,000 pharmacies. Brian Norton, CEO of Wellgistics Health, emphasized the transformative potential of this initiative. In his words:

“I believe that the future winners in healthcare will not be the companies with the biggest buildings, they will be those with the fastest rails, cleanest data, and most efficient platforms. We are betting on infrastructure — not inertia.”

Norton’s vision underscores Wellgistics’ commitment to challenging outdated systems and intermediaries, positioning the company at the forefront of the convergence between healthcare and financial technology.

Wellgistics’ integration of XRP extends beyond payments to include its use as a treasury reserve asset, a move that aligns with growing institutional interest in digital assets. The company plans to deploy programmable liquidity and blockchain-based payment systems to eliminate banking bottlenecks, enabling manufacturers, suppliers, and pharmacies to transact instantly. This infrastructure will also support real-time compliance, efficient tracking of refunds, and smart rebates based on accurate data, further modernizing the healthcare supply chain.

The $50 million ELOC will provide the financial backbone for this initiative, funding the development of XRP-powered payment rails and treasury configurations. Wellgistics aims to compress capital timelines, reduce administrative overhead, and provide independent pharmacies with XRP-backed credit lines to enhance liquidity by bypassing traditional ACH systems.

Wellgistics’ adoption of XRP marks a significant milestone for blockchain technology in the healthcare sector, which has historically been slow to embrace digital innovation. The company’s decision to integrate XRP comes at a time of increasing institutional acceptance of the cryptocurrency, driven by Ripple Inc.’s regulatory approvals in regions like Dubai and strategic acquisitions to expand its market presence. Ripple, the primary developer behind XRP, has been actively building infrastructure to embed XRP in traditional finance, including custody, brokerage, and payment flows.

Wellgistics’ announcement comes amid a wave of XRP adoption and institutional interest. Ripple’s recent $1.25 billion acquisition of Hidden Road, a prime brokerage firm, will see the latter migrate its post-trade operations to the XRP Ledger, further embedding XRP in traditional finance. Additionally, the launch of an XRP ETF in Brazil and the anticipated introduction of CFTC-regulated XRP futures contracts on Coinbase Derivatives signal growing mainstream acceptance of the cryptocurrency.

However, XRP’s price outlook remains a topic of debate. While some analysts project a potential rally to $3 or even $20 based on bullish chart patterns and whale accumulation, others warn of a possible 45% decline to $1.20 due to declining network activity and a bearish descending triangle pattern. Despite these uncertainties, Wellgistics’ adoption of XRP as a core component of its financial infrastructure underscores the cryptocurrency’s real-world utility and potential to disrupt legacy systems.

Founded as a technology-first pharmaceutical distributor, Wellgistics Health has a market capitalization of $226 million and trades at $4.32 per share, with a 13.4% return over the past six months. The company’s recent acquisition of Peek Healthcare Technologies further bolsters its capabilities, adding trade, distribution, and pharmacy services to its portfolio. With the XRP integration, Wellgistics is positioning itself as a pioneer in healthcare innovation, challenging the notion that the industry must remain tethered to slow-moving money and bloated intermediaries.

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Information Sources:

• Globenewswire - Wellgistics Health
• Cointelegraph

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