Wellgistics Health Inc. implements an XRP headbo-based payment system for thousands of pharmacies across the United States and elaborates on its efforts on blockchain as it seems to revise health financing.
The Nasdaq-Listed Distributor (WGRX) has announced that its new platform allows independent pharmacies to pay for drug trafficking and moving funds immediately and bypassing banking and high credit card fees.
Integrated with RXERP, a serialized pharmaceutical e-commerce and company resource planning system, promises the program real-time tracking, lower costs and direct settlement between pharmacies and distributors. Pharmacies can now sign up for the Beta version of the program.
The system is built on 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 manufacturers, Wellgistics is one of the first health companies to launch an XRPL payment solution on scale. CEO Brian Norton said pharmacy owners have embraced the initiative and called them more forward -thinking on blockchain than many in the industry assume.
The program allows pharmacies to run invoices over XRPL, although Wellgistics has not revealed whether the participants should keep XRP directly or use Fiat-to-XRP conversions for settlement.
The program was designed to meet strict observations standards, including HIPAA and anti-laundering of money laundering. After the pharmacy’s roll -out, Wellgistics plans to expand the platform to manufacturers and test directly to patient programs, which makes it possible to send medication from drug manufacturers directly to patients during medical surveillance.
The initiative is based on an 8 May message that Wellgistics intends to use XRP not only for payments but also as a treasury reserve. This plan is supported by an equity of $ 50 million that management said would support programmable liquidity and on-demand financial infrastructure across his health network.
The company was founded as Wellgistics LLC in 2016 and was acquired by Danam Health in September 2024, before being spun through a first public offering in February 2025. Today, Wellgistics Health acts as an independent NASDAQ-listed unit, delivering wholesale distribution, prescription routing and AI-Powered Hub Services to Pharmactions.
Shares have fallen more than 80% since its debut in February. They closed on Tuesday at $ 0.62, down 7%before rising to $ 0.65 in trade after hours.
By linking pharmacy payments to the XRP headbook as he prepares to keep XRP on his balance, Wellgistics places himself as both a user and an economic backman for Blockchain. The double -shaped approach marks a rare occurrence of a listed health company that integrates crypto into both operations and the Ministry of Finance.
