XRP News Today: Wellgistics Launches XRP Payment Program for 6,500 Pharmacies

Generated by AI AgentCoin World
Friday, Aug 15, 2025 6:45 am ET1min read
Aime RobotAime Summary

- Wellgistics Health (WGRX) launched a full-scale XRP-based payment program for 6,500 U.S. pharmacies via SEC filing on August 3, 2025.

- The program enables real-time, low-cost transactions using XRP Ledger, bypassing traditional banking systems while complying with HIPAA and AML regulations.

- Legal advocate Bill Morgan highlighted this as a major blockchain use case in healthcare, with pharmacies now enrolling via NPI-number submissions.

- The initiative aligns with Wellgistics’ financial strategy, including debt-to-equity conversions and terminating equity credit lines to strengthen shareholder equity.

Wellgistics Health Inc. (WGRX) has taken a major step in integrating

into its pharmacy payment systems, as revealed in a recent SEC filing dated August 3, 2025. The company confirmed the official launch of an XRP-based payment program, which enables independent pharmacies to use the XRP Ledger (XRPL) for real-time, low-cost transactions [1]. Prominent legal and advocate Bill Morgan highlighted this initiative as a significant development in blockchain-based payment solutions within the healthcare supply chain [3].

According to the filing, the program is not a limited trial but a full-scale operational rollout. It allows pharmacies to process payments and transfer funds instantly, bypassing traditional banking systems and credit card networks [1]. This initiative, described by

as an “XRP-based payment solution at scale,” is already onboarding pharmacies, with official enrollment forms now being accepted [3].

The program leverages Wellgistics’ existing network, which includes 6,500 independent pharmacies and 200 manufacturers across the U.S. By expanding XRP integration into this vast network, the company aims to reduce transaction costs and improve financial efficiency. The program also adheres to key regulatory standards, including HIPAA and AML requirements [2].

Morgan emphasized that this move represents a practical use case for XRP, showcasing its real-world application in a regulated industry. The fact that pharmacies can begin enrolling immediately—by submitting details such as NPI numbers and contact information—demonstrates the program’s active deployment [3]. The initiative aligns with Wellgistics’ broader financial strategy, which includes measures to preserve shareholder equity, such as terminating an equity line of credit and converting $8.1 million in debt to equity [4].

While the adoption of XRP in healthcare does not guarantee a rise in its price, it does provide a concrete example of how blockchain technology can be applied in regulated sectors. Analysts have speculated that broader adoption could influence XRP’s market demand, though such forecasts remain theoretical [6].

The initiative signals a shift in how blockchain is being integrated into traditional industries, particularly in finance and healthcare. With real-time settlement and reduced dependency on legacy financial systems, Wellgistics Health is positioning itself at the forefront of digital transformation in the pharmaceutical supply chain [1].

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Source:

[1] AInvest, [https://www.ainvest.com/news/xrp-news-today-wellgistics-health-launches-xrp-payment-program-6-500-pharmacies-2508/](https://www.ainvest.com/news/xrp-news-today-wellgistics-health-launches-xrp-payment-program-6-500-pharmacies-2508/)

[2] Fox, [https://fox59.com/business/press-releases/accesswire/1060334/wellgistics-health-nasdaq-wgrx-launches-xrp-payment-program-for-independent-pharmacies](https://fox59.com/business/press-releases/accesswire/1060334/wellgistics-health-nasdaq-wgrx-launches-xrp-payment-program-for-independent-pharmacies)

[3] Times, [https://timestabloid.com/wellgistics-health-takes-xrp-payment-to-the-next-level-heres-what-latest-sec-filing-says/](https://timestabloid.com/wellgistics-health-takes-xrp-payment-to-the-next-level-heres-what-latest-sec-filing-says/)

[4] Barchart.com, [https://www.barchart.com/story/news/34148902/wellgistics-health-terminates-equity-line-of-credit-to-further-support-growth-strategy](https://www.barchart.com/story/news/34148902/wellgistics-health-terminates-equity-line-of-credit-to-further-support-growth-strategy)

[6] InteractiveCrypto, [https://www.interactivecrypto.com/blackrocks-640m-ethereum-etf-could-this-push-eth-to-6000-by-2026](https://www.interactivecrypto.com/blackrocks-640m-ethereum-etf-could-this-push-eth-to-6000-by-2026)

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