Publicly Traded Healthcare Firm Embraces XRP With Crypto Reserve
Wellgistics Health will accept payments in XRP and add it to its corporate treasury, aligning with a trend among U.S. publicly traded companies adopting digital assets. The Tampa-based firm is developing a blockchain-powered platform to connect manufacturers directly to pharmacies, aiming to reduce costs, increase transaction speeds, and enhance financial transparency. Wellgistics plans to utilize a $50 million equity line of credit for its XRP initiatives, although the allocation for the crypto payments network and treasury is unclear. The company intends to use XRP to support independent pharmacies and facilitate global vendor payouts with minimal transaction costs. Other companies, like Steak 'n Shake and Stripe, are also integrating cryptocurrencies into their operations. Wellgistics CEO Brian Norton emphasized that future healthcare leaders will prioritize efficient infrastructure over traditional assets.
