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 Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
