$50 Million Credit Line Fuels Wellgistics’ Blockchain Payment Initiative

Wellgistics Health Inc. (Nasdaq: WGRX) has announced a $50 million equity line of credit (ELOC) to integrate XRP into its financial operations, aiming to enhance transaction speed and transparency across its healthcare network.

According to the announcement, the initiative will utilize XRP as both a treasury reserve asset and a medium for real-time payments, potentially making Wellgistics one of the first publicly traded healthcare firms to adopt such a model. XRP’s capabilities, which include settling transactions in 3-5 seconds at a cost of less than $0.0002, offer significant advantages over traditional banking methods.

With over 150 direct manufacturer contracts and a growing network of more than 6,000 independent pharmacies nationwide, CEO Brian Norton emphasized the move as a step toward modernizing healthcare payments.

Our blockchain-enabled payment system is just the next logical step in healthcare evolution. I strongly believe that our XRP initiative positions Wellgistics Health years squarely at the center of where healthcare and fintech converge.

This development aligns with the broader institutional adoption of XRP, including CME Group’s planned XRP futures launch and Mastercard’s recognition of XRP as a bridge currency for cross-border payments.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。