Wellgistics, a Florida-based pharmaceutical distribution company, has announced plans to integrate XRP as both a real-time payment rail and treasury management asset, becoming one of the first public entities to make such a move.
According to Thursday’s press statement, the healthcare infrastructure firm aims to improve remittance speeds and reduce settlement fees for pharmacies, suppliers, and manufacturers using XRP and its associated blockchain network. The company has secured a $50 million Equity Line of Credit (ELOC) to support this initiative.
Wellgistics highlighted that standard wire transfers typically take up to three days to complete and cost between $10 and $30, with geographical restrictions and transparency issues often involved. By contrast, XRP transactions can be executed in 3-5 seconds with fees under one cent, enabling global support for cheaper, compliant cross-border payments.
“We challenge the idea that healthcare has to be tethered to legacy systems, bloated intermediaries, and slow-moving money,” said Wellgistics CEO Brian Norton. “I believe that the future winners in healthcare won’t be the companies with the biggest buildings…they’ll be those with the fastest rails, cleanest data, and most efficient platforms. We’re betting on infrastructure…not inertia.”
The $50 million credit facility will finance Wellgistics’ XRP integration and treasury reserve roadmap, potentially backing further exploration of programmable liquidity and on-demand payment models for the medical industry.
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