Wellgistics Health Soars 12% on XRP Payment Adoption

Wellgistics Health has seen a significant rise of 12% in pre-market trading on August 19, 2025, driven by its recent adoption of Ripple (XRP) for US pharmacy payments.

Wellgistics Health has introduced a groundbreaking payment system using Ripple (XRP) for US pharmacies, promising fast transactions and low fees. This initiative marks the largest deployment of cryptocurrency payments in the US healthcare sector to date, with over 6,500 independent pharmacies now able to process drug purchases through the XRP Ledger. The system, developed in partnership with pharmacy software provider RxERP, enables near-instantaneous payments, reducing the traditional one to three days wait time for bank wires or transfers to just seconds. This speed is crucial for smaller pharmacies, allowing them to restock shelves without waiting for delayed transfers.

One of the most significant advantages of this new system is cost reduction. Conventional wire transfers cost between $10 and $30 per transaction, while XRP transfers cost less than a fraction of a cent. For independent pharmacies operating under slim margins, these savings accumulate quickly, contributing to improved financial stability. Wellgistics’ leadership has noted strong interest from pharmacy owners in blockchain adoption, recognizing its potential to reshape the industry once implemented at scale.

The blockchain program is designed to comply with key healthcare regulations, processing all transactions in accordance with HIPAA privacy standards and anti-money laundering frameworks. The XRP Ledger ensures each payment is permanently recorded, allowing for transparent audits and strengthening accountability in a heavily regulated sector. Traditional payment delays have long created problems for independent pharmacies, often leaving them unable to replenish drug inventories quickly enough to meet patient demand. The new blockchain-based system removes this obstacle by enabling instant payment and immediate reordering, with 24/7 functionality allowing pharmacies to continue transacting outside of standard banking hours, including weekends and holidays.

Wellgistics has pursued blockchain aggressively in recent months, integrating XRP into its payments and holding the asset as part of its treasury strategy. The company has secured a $50 million credit line to fund blockchain infrastructure, with plans to expand the role of XRP into treasury management and capital raising. Despite these efforts, Wellgistics’ financial performance has struggled since its listing on NASDAQ under the ticker WGRX earlier this year, following a spin-off from Danam Health. Nevertheless, the company continues to expand its blockchain initiatives in pursuit of long-term industry transformation.

Blockchain applications in healthcare are steadily gaining traction, with the global blockchain healthcare market projected to grow significantly in the coming years. Wellgistics’ adoption of XRP places it among firms using digital assets for both payments and balance sheet strategies. The company is already exploring expansion beyond pharmacies, with plans to onboard pharmaceutical manufacturers for direct blockchain transactions. This would reduce reliance on intermediaries in drug distribution. Additional future phases include direct-to-patient programs that would ship medications to homes while coordinating logistics among manufacturers, pharmacies, and physicians.

The payment program is currently operating in beta mode as pharmacies complete onboarding and training. Observers of the initiative have described it as practical utility for XRP and evidence that blockchain adoption is moving beyond theory into real-world execution. Wellgistics has effectively created the first large-scale cryptocurrency payment network in American healthcare. By offering instant settlement, reduced costs, and regulatory compliance, the system has the potential to reshape how money moves across one of the most complex industries in the economy. If successful, it may encourage wider adoption of blockchain solutions across the healthcare sector, signaling a broader shift toward digital financial infrastructure.