Florida Pharma Firm Will Use XRP for Real-Time Payments in $50M Financing Deal

A Florida pharmaceutical distributor, Wellgistics Health, is integrating XRP as a treasury and payments asset in a $50 million financing deal. This initiative aims to streamline transactions across its pharmacy network, facilitating vendor payouts and credit lines backed by XRP. By leveraging the blockchain, Wellgistics can minimize banking delays and lower settlement costs, with XRP enabling transaction settlements in just 3-5 seconds compared to the traditional 1-3 days. This integration highlights the potential advantages of using XRP in the healthcare ecosystem for real-time compliance and efficiency. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk