Wellgistics Rolls Out XRP Ledger Funds for Hundreds of US Pharmacies

Wellgistics Well being is introducing an XRP Ledger–primarily based fee system to 1000’s of pharmacies throughout the US, marking one of many first large-scale blockchain deployments within the healthcare sector.

Key Takeaways:

• Wellgistics is rolling out an XRP Ledger fee system to over 6,500 pharmacies and 200 producers within the U.S.
• The platform allows immediate, low-cost settlements whereas assembly HIPAA and AML compliance requirements.
• Regardless of its blockchain push, Wellgistics shares have dropped over 80% since its February IPO.

The Nasdaq-listed distributor (WGRX) mentioned the platform will permit impartial pharmacies to pay for drug stock and transfer funds immediately, bypassing the banking delays and excessive bank card charges that usually pressure small operators.

The rollout integrates with RxERP, a serialized pharmaceutical e-commerce and enterprise planning software, providing real-time monitoring, decrease prices, and direct settlement between pharmacies and distributors.

Wellgistics Turns into First Healthcare Agency to Launch XRP Ledger Funds

Wellgistics, which counts greater than 6,500 pharmacies and 200 producers in its community, is among the many first healthcare companies to launch a fee answer on the XRP Ledger (XRPL), the open-source blockchain supported by Ripple Labs.

Pharmacies can now enroll within the beta model of this system.

CEO Brian Norton mentioned the response from pharmacy house owners has been stronger than anticipated, noting that they’re “extra forward-thinking on blockchain than many within the trade assume.”

Whereas the corporate has not disclosed whether or not pharmacies might want to maintain XRP instantly or use fiat-to-XRP conversion for settlement, the system is designed to satisfy strict compliance requirements, together with HIPAA and anti-money laundering guidelines.

The corporate plans to increase the initiative past pharmacy funds to incorporate producers and ultimately check direct-to-patient packages, enabling medicines to be shipped instantly from drugmakers to sufferers underneath doctor supervision.

The rollout builds on Wellgistics’ Could 8 announcement that it might use XRP as each a funds rail and a treasury reserve asset, supported by a $50 million fairness line of credit score.

Administration has mentioned the technique is geared toward constructing programmable liquidity and on-demand infrastructure throughout its healthcare community.

Based in 2016, Wellgistics was acquired by Danam Well being in 2024 earlier than being spun off by means of an IPO in February 2025.

Right now, it offers wholesale distribution, prescription routing, and AI-powered hub companies to pharmacies nationwide.

Regardless of its blockchain ambitions, the corporate’s inventory has struggled since its market debut. Shares have fallen greater than 80% since February, closing at $0.62 on Tuesday earlier than ticking as much as $0.65 in after-hours buying and selling, giving Wellgistics a market cap of about $47 million.

XRP Ledger Rolls Out New Improve Amid Rising Curiosity

As reported, RippleX, the event arm of Ripple, has rolled out model 2.5.0 of the XRP Ledger, introducing a number of protocol upgrades geared toward strengthening community performance and safety.

RippleX engineer Mayukha Vadari has referred to as the improve “presumably the very best single lineup of amendments” ever launched, introducing vital enhancements to token administration and transaction processing.

The XLS-85 modification upgrades the escrow system by permitting third-party issued tokens, together with stablecoins, and introduces multi-purpose tokens designed for institutional purposes.

The brand new replace got here after the XRP Ledger recorded a surge in person exercise, with the variety of each day energetic addresses climbing from a mean of 35,000 to over 295,000.

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