May 9, 2025
Florida Pharma Will Use Xrp for Real-Time Payments in $ 50m Finance Deal thumbnail
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Florida Pharma Will Use Xrp for Real-Time Payments in $ 50m Finance Deal

“We believe that there are certain administrations to integrate Xrp and it Related Infrastructure Into ItealthCare EcoSystem,“ The Firm Said in the Release.”, – WRITE: www.coindesk.com

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Florida Pharma Will Use Xrp for Real-Time Payments in $ 50m Finance Deal“We believe that there are certain administrations to integrate Xrp and it Related Infrastructure Into ItealthCare EcoSystem,“ The Firm Said in the Release. May 9, 2025, 7:26 AM

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What to Know:

  • A Florida Pharmaceutical Distributor, Wellgistics Health, Is Integration Xrp As A Treasury and Payments Asset in A $ 50 Million Finance Deal.
  • The Company Plans to Use Xrp for Real-Time Payments and to Manage Vendor Payouts Across Its Pharmacy Network.
  • Wellgistics Aims to Reduce Banking Delays and Settlement Costs by Using XRP, Who Settles Transactions in 3-5 Seconds.
A Florida-Based Pharmaceutical Distributor is Backing Xrp As A Treasury and Payments Asset, Putting The Token at The Center of A $ 50 Million Finance Deal.

Wellgistics Health (WGRX) Said Thursday It Had Secured An Equity Line of Credit to Support XRP-Based Reserves and Infrastructure for Real-Time Payments.

The company plans to use the blockchain to settle transactions accounts of pharmacy Network, Manage Vendor Payouts, and Issue Credit Lines Backed by XRP.

The MOVE MAKES WELLGISTICS ONE OF THE FEW PUBLICLY LITTED US FIRMS TO ACTIVELY INTEGRATE XRP INTO ITS FINANCAL OPEPATIONS. Xrp Will Help Eliminate Banking Delays and Lower Settlement Costs of Fractions of A Cent, Two Key Resistance Points in Pharmaceutical Supple Suppply Chains.

“We believe that there are certain administrations to integrate Xrp and it Related Infrastructure Into ItealthCare EcoSystem,“ The Firm Said in the Release.

“XRP Settles Transactions in 3-5 Seconds Vs. 1-3 Days for Ach or Wire Transfers, Allowing for Near Real-Time Settlement Among Pharmacies, Suppliers, and Manufactoures. Ledger for Real-Time Compliance, Rebate Tracking, and Auditability, “IT SAID, ADDING THAT The TOKEN WILL HELP PROCESS GLOBAL VENDOR Payots at Very Low Foreign Exchange Rates.

The Credit Facility Is Being Provides by New York-Based LDA Capital. No Timeline Was Provides for The XRP-Based Services would actually begin.

Shaurya Malwa

Shaurya is the co-leader of the coindesk tokens and data team in asia with a focus on crypto derivatives, Defi, Market Microstructure, and Protocol Analysis.

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