Crypto Journalist
Amin Ayan
Crypto Journalist
Amin Ayan
About Author
Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…
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Wellgistics Health is introducing an XRP Ledger–based payment system to thousands of pharmacies across the United States, marking one of the first large-scale blockchain deployments in the healthcare sector.
Key Takeaways:
- Wellgistics is rolling out an XRP Ledger payment system to over 6,500 pharmacies and 200 manufacturers in the U.S.
- The platform enables instant, low-cost settlements while meeting HIPAA and AML compliance standards.
- Despite its blockchain push, Wellgistics shares have dropped over 80% since its February IPO.
The Nasdaq-listed distributor (WGRX) said the platform will allow independent pharmacies to pay for drug inventory and move funds instantly, bypassing the banking delays and high credit card fees that often strain small operators.
The rollout integrates with RxERP, a serialized pharmaceutical e-commerce and enterprise planning tool, offering real-time tracking, lower costs, and direct settlement between pharmacies and distributors.
Wellgistics Becomes First Healthcare Firm to Launch XRP Ledger Payments
Wellgistics, which counts more than 6,500 pharmacies and 200 manufacturers in its network, is among the first healthcare firms to launch a payment solution on the XRP Ledger (XRPL), the open-source blockchain supported by Ripple Labs.
Pharmacies can now enroll in the beta version of the program.
CEO Brian Norton said the response from pharmacy owners has been stronger than expected, noting that they are “more forward-thinking on blockchain than many in the industry assume.”
While the company has not disclosed whether pharmacies will need to hold XRP directly or use fiat-to-XRP conversion for settlement, the system is designed to meet strict compliance standards, including HIPAA and anti-money laundering rules.
The company plans to expand the initiative beyond pharmacy payments to include manufacturers and eventually test direct-to-patient programs, enabling medications to be shipped directly from drugmakers to patients under physician supervision.
The rollout builds on Wellgistics’ May 8 announcement that it would use XRP as both a payments rail and a treasury reserve asset, supported by a $50 million equity line of credit.
Management has said the strategy is aimed at building programmable liquidity and on-demand infrastructure across its healthcare network.
Founded in 2016, Wellgistics was acquired by Danam Health in 2024 before being spun off through an IPO in February 2025.
Today, it provides wholesale distribution, prescription routing, and AI-powered hub services to pharmacies nationwide.
Despite its blockchain ambitions, the company’s stock has struggled since its market debut. Shares have fallen more than 80% since February, closing at $0.62 on Tuesday before ticking up to $0.65 in after-hours trading, giving Wellgistics a market cap of about $47 million.
XRP Ledger Rolls Out New Upgrade Amid Rising Interest
As reported, RippleX, the development arm of Ripple, has rolled out version 2.5.0 of the XRP Ledger, introducing several protocol upgrades aimed at strengthening network functionality and security.
RippleX engineer Mayukha Vadari has called the upgrade “possibly the best single lineup of amendments” ever released, introducing significant improvements to token management and transaction processing.
The XLS-85 amendment upgrades the escrow system by allowing third-party issued tokens, including stablecoins, and introduces multi-purpose tokens designed for institutional applications.
The new update came after the XRP Ledger recorded a surge in user activity, with the number of daily active addresses climbing from an average of 35,000 to over 295,000.
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