Wellgistics Adopts XRP for Payments and Treasury Use
Wellgistics, a Florida-based pharmaceutical distribution company, has announced it will integrate XRP as both a real-time payment rail and treasury management asset, making it one of the first public firms in the healthcare supply chain to do so.
In a press release issued Thursday, the company said it aims to modernize payment infrastructure for pharmacies, suppliers, and manufacturers, promising faster settlements and lower fees through the XRP Ledger.
Faster, Cheaper, Global Transactions
Wellgistics highlighted the limitations of traditional wire transfers, which can take up to three days and cost between $10 and $30 per transaction. By contrast, XRP transactions finalize in 3–5 seconds, with average costs under one cent, and without the friction of geographical constraints.
“We challenge the idea that healthcare has to be tethered to legacy systems, bloated intermediaries, and slow-moving money,” said CEO Brian Norton.
$50 Million Credit Facility to Fund Integration
To support its XRP initiative, Wellgistics has secured a $50 million ELOC (expandable line of credit). The funds will help finance both the integration and the build-out of an XRP treasury reserve. The company also hinted at broader ambitions, including programmable liquidity and on-demand payment systems for the healthcare industry.
The move positions Wellgistics at the forefront of blockchain adoption in the medical supply space, as digital asset use cases continue expanding beyond finance and into enterprise operations.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
