US EditionRipple News: XRP Gets a $50M Treasury, Payments Boost From This U.S. Healthcare Firm
- On May 8, 2025, Wellgistics Health, Inc., a pharmaceutical distributor based in Florida and led by CEO Brian Norton, revealed a $50 million financing arrangement to incorporate XRP into its treasury management and payment systems.
- This initiative responds to longstanding healthcare payment inefficiencies, including delays of 1-3 days and high transaction fees inherent in traditional banking and legacy systems.
- Wellgistics plans to use XRP's blockchain to enable near real-time payments, rebate tracking, and credit lines across a national network of over 6,000 pharmacies and 150 manufacturers.
- XRP settles transactions within 3-5 seconds at less than $0.0002 per transfer, dramatically reducing costs compared to $10-$30 wire fees and enhancing transparency through on-chain logging for compliance, as CFO Mark DiSiena stated, "We're betting on infrastructure & not inertia."
- While Wellgistics seeks a first-mover advantage in healthcare by deploying XRP, significant integration, regulatory, and volatility risks remain, making the initiative a bold strategic test in fintech adoption for healthcare.
25 Articles
25 Articles
Healthcare Tech Company’s Stock Plummets After the Firm Announces New XRP Treasury Reserve and Payments Initiative - The Daily Hodl
The stock of a healthcare technology company tanked after it announced a new initiative to use XRP in its treasury reserve and for payments. Wellgistics Health (WGRX), which specializes in pharmaceutical distribution and healthcare infrastructure, notes in a new press release that it secured a $50 million credit facility to support the use of XRP in real-time settlement as well as a treasury reserve asset. Wellgistics says it is developing a pla…
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ZyCryptoRipple’s XRP Gets $50 Million Treasury, Payments Boost From This Florida-Based Healthcare Firm
A Florida-based pharmaceutical distribution company has unveiled its strategy to integrate Ripple-affiliated XRP as a treasury and payments asset, putting the Ripple-affiliated coin at the center of a $50 million financing deal. The move makes Wellgistics one of the few publicly traded U.S. companie...
Publicly Traded Healthcare Firm Embraces XRP With Crypto Reserve - WorldNL Magazine
In brief Wellgistics Health plans to build out an XRP treasury and XRP-enabled payment infrastructure, using a $50 million equity line of credit. The healthcare infrastructure company aims to connect manufacturers directly to pharmacies with its blockchain-powered payment infrastructure. The firm is one of the latest public companies to add crypto to its corporate treasury. Wellgistics Health, a publicly traded healthcare infrastructure firm, pl…
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