XRP News Today: Wellgistics Launches XRP-Based Payment System Across 6500 US Pharmacies

Wellgistics Health Inc., a Nasdaq-listed pharmacy distributor, has launched a payment system based on the XRP Ledger across more than 6,500 U.S. pharmacies. This initiative marks a significant step in blockchain adoption within the regulated healthcare sector, positioning XRP as both a payment and treasury asset [1]. The system, integrated with Wellgistics’ RxERP platform, supports real-time tracking, direct settlements, and instant fund transfers, offering a faster and lower-cost alternative to traditional payment methods [2]. The beta version of the program is now available for enrollment by independent pharmacies [3].

According to Brian Norton, CEO of Wellgistics, independent pharmacy owners are more forward-thinking than commonly assumed and recognize the transformative potential of blockchain technology [1]. The platform is designed to comply with healthcare-specific regulations, including HIPAA and anti-money laundering standards [1]. The initiative is backed by a $50 million equity line of credit and represents Wellgistics’ broader strategy to use XRP not only for operational payments but also as a reserve asset [4].

Wellgistics, which distributes medications for more than 200 manufacturers, plans to expand the platform to include payments to manufacturers and direct-to-patient drug deliveries under physician supervision [1]. The company, which transitioned to Nasdaq listing after being acquired by Danam Health in 2025, has seen a significant decline in its stock price—falling more than 80% since its IPO in February [1]. Despite this, the firm remains focused on operational innovation and the adoption of blockchain technology to enhance efficiency and transparency.

The XRP-based system is already showing measurable impact, with notable increases in daily active addresses on the XRP Ledger coinciding with the rollout [2]. XRP developers have also updated to version 2.5.0 to better support such use cases, reinforcing the ecosystem’s readiness for enterprise applications [1]. Analysts suggest that the move could serve as a model for other regulated industries looking to integrate digital assets into their financial infrastructure [2].

By embedding XRP into its financial operations and potentially holding the asset on its balance sheet, Wellgistics is not only using blockchain but also providing financial backing to its development [1]. While the company has not clarified whether participants will need to hold XRP directly or use fiat-to-crypto conversions, the integration has already generated interest among XRP supporters, who view it as a potential catalyst for the cryptocurrency, currently trading near $2.75 [5].

This development highlights the increasing role of blockchain in transforming traditional financial systems, particularly in sectors where compliance and speed are critical [2]. As more healthcare providers seek to modernize their payment infrastructure, Wellgistics’ XRP-based approach could serve as a blueprint for scalable and secure digital solutions [2].

Source: [1] XRP Ledger Used by Nasdaq-Listed Pharma Distributor to ... (https://finance.yahoo.com/news/xrp-ledger-used-nasdaq-listed-110044388.html)

[2] XRP News Today: Wellgistics Launches XRP-Based ... (https://www.ainvest.com/news/xrp-news-today-wellgistics-launches-xrp-based-payment-system-6500-pharmacies-2508/)

[3] Wellgistics Health Launches XRP Ledger Payment System ... (https://holder.io/news/wellgistics-health-xrp-payment-pharmacies/)

[4] Nasdaq-Listed Pharma Distributor Adopts XRP Ledger for ... (https://iota-news.com/nasdaq-listed-pharma-distributor-adopts-xrp-ledger-for-enhanced-payment-system-in-pharmacy-network/)

[5] XRPL Payments Go Live at Pharmacies as XRP Defends ... (https://t.signalplus.com/crypto-news/detail/xrpl-payments-healthcare-pharmacies-xrp-defends-275)