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Cryptocurrency News Articles
Wellgistics Health to Integrate XRP (XRP) and Related Technologies into Its Payment Network
May 09, 2025 at 05:22 am
Wellgistics Health, a healthcare infrastructure company, will integrate XRP (XRP) and related technologies into its payment network to streamline transactions
Wellgistics Health, a healthcare infrastructure company, will integrate XRP (XRP) and related technologies into its payment network, the company disclosed on May 8.
The integration aims to streamline transactions between pharmacies, medical suppliers and prescription medication manufacturers.
Wellgistics highlighted the finality time of XRP transactions and the reduced transaction costs, which are fractions of a penny, compared to legacy financial architecture like automated clearinghouse (ACH) payments or wire transfers.
“We are excited to announce the integration of XRP into Wellgistics Health's payment network. This strategic partnership will revolutionize the way pharmacies, medical suppliers and prescription medication manufacturers conduct transactions within the pharmaceutical supply chain," Brian Norton, CEO of Wellgistics Health, said.
The integration of XRP will reduce cross-border friction and allow transactions between different businesses in the supply chain to settle instantly, in real time.
This partnership is a testament to our commitment to leveraging the latest technologies to optimize healthcare infrastructure and ultimately improve patient well-being."
Blockchain payment rails and cryptocurrencies can significantly reduce international transaction costs, giving rise to business opportunities that were previously out of reach or too expensive to implement and open up global trade for residents in developing economies.
Cryptocurrencies like Bitcoin (BTC) disintermediate banks and financial institutions by providing peer-to-peer transactions over a trustless network of decentralized nodes that are censorship-resistant and give the holder self-sovereignty over their money.
Other cryptocurrencies like stablecoins and altcoins still feature a third-party issuer, but have the benefit of trading on blockchain payment rails, through the internet, without markets closing.
Banks and legacy financial institutions pushed back against the GENIUS stablecoin bill in March 2025.
The bill, hailed as a bipartisan success, failed to advance to a floor vote on May 8 after pushback from Democratic senators.
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