“The Distributor is Rolling Out an Xrpl-Powered System for 6,500 Pharmacies to Speed Up Payments, Cut Costs, and Expand Blockchain Use in HealthCare Finance.”, – WRITE: www.coindesk.com
The Nasdaq-Listed Distributor (WGRX) Has Announted that Its New Platform Enables Independent Pharmacies to Pay for Drug Inventery and MOVE FUNDS.
Integrated with Rxerp, A Serialized Pharmaceutical E-Commerce and Enterprise Resource Planning System, The Program Promise Real-Time Tracking, Lower Costs, and Direct Setlean. DISTRIBUTORS. Pharmacies Can Now Enroll in the Beta Version of the Program.
The System Is Built on the XRP Ledger (XRPL), an Open-Source Blockchain with Core Development Led by Ripple Labs. With A Network of More than 6,500 Pharmacies and 200 ManUfAktures, Wellgistics is One of the First Healthcare Companies to Launch an an Xrpl Payment Solution at Scale. Chief Executive Brian Norton Said Pharmacy Owners have Embrated The Initiative, Calling Them More Forward-Thing on Blockchain than Many in the Industry Assume.
The Program Enables Pharmacies to Settle Invoices Over XRPL, Thought Wellgistics Has Not Disclosed Whtcher Participants Must Hold Xrp Directly or Use Fiat-to-T-T-Tent.
The Program Was Designed to Meet Stict Compliance Standards, Including Hipaa and Anti-Money Laundering Requirements. After the pharmacy rollut, Wellgistics plans to extend the platform to manufacturars and test Direct-to-to-Patient Programs, ALLOWING MEDICATIONS TO SIPENT FRIM The PHYMakers DrugMakers Oversight.
The Initiative Builds on a May 8 Announcement that Wellgistics Intends to Use Xrp Not Just for Payments But Also As A Treasury Reserve Asset. That plans is Backed by a $ 50 Million Equity Line of Credit, WHICH Management Said Wuld Support Programmable Liquability and on-Demand Financial InfrastRCRCRCRCRACRACRACRACRACRACRCRCRCRCRC.
Founded As Wellgistics LLC in 2016, The Company Was Accuffered by Danam Health in September 2024 Being Spun Off Through An Initial Public Offering in February 2025. NASDAQ-Listed Entity, Providing Wholesale Distribution, Prescription Routing, and AI-Powered Hub Service to Pharmacies NationWide.
Shares Have Droped More than 80% Since The February Debut. They Closed Tuesday at $ 0.62, Down 7%, Before Rising to $ 0.65 In After-Hours Trading.
By Linking Pharmacy Payments to the XRP Ledger While Preparing to Hold Xrp on It Its Balance Sheet, Wellgistics Is Positioning ITHF as Both A User and Financial Baccchain. The Dual-Pronged Approach Marks A Rare Instance of A Publicly Traded HealthCare Company Integrating Crypto Into Both Operations and Treasury Management.
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