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Florida-based Wellgistics will use XRP for cross-border payments and as a treasury asset.
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The healthcare firm secured a $50 million credit line to fund XRP integration.
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The move is expected to cut settlement times from days to seconds and reduce fees.
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XRP's blockchain will power instant, global payments for pharmacies and suppliers.
XRP Chosen to Modernize Healthcare Payments
Publicly traded healthcare distributor Wellgistics announced plans to integrate XRP as both a payment rail and a treasury reserve asset. The company said the move will streamline transactions across the pharmaceutical supply chain and enable cheaper, faster, and borderless payments.
Currently, traditional bank transfers can take up to three days and cost $10–$30, while XRP transactions finalize in under five seconds for a fraction of a cent. Wellgistics CEO Brian Norton said the initiative aims to remove “bloated intermediaries” from the medical billing system.
$50M Credit Facility to Support Rollout
To support the initiative, Wellgistics secured a $50 million Equity Line of Credit (ELOC), which will be used to finance the shift to XRP and explore on-demand payment and programmable liquidity models.
Norton emphasized that infrastructure modernization is key to winning in healthcare, adding that speed, data clarity, and financial efficiency will define the sector’s future.
