Wellgistics Health to integrate XRP into payment infrastructure
Wellgistics Health will integrate XRP into its payment network to enhance transactions among pharmacies, medical suppliers, and prescription medication manufacturers. The company highlighted XRP's quick transaction finality and low costs, which are significantly lower than traditional payment methods like ACH or wire transfers. CEO Brian Norton emphasized the importance of efficient infrastructure in healthcare. The integration aims to minimize cross-border transaction friction and enable real-time settlements within the supply chain. Blockchain technology is expected to lower international transaction costs, facilitating new business opportunities and expanding global trade, especially in developing economies. Meanwhile, legacy banking systems are resisting crypto innovations, with concerns over stablecoins potentially undermining their market share. A bipartisan stablecoin bill faced opposition and did not advance due to pushback from Democratic senators and banking interests.
