- Wellgistics Health launches blockchain payment for US pharmacies.
- Involves 6,500 pharmacy integration using XRP Ledger.
- A potential model for other regulated sectors.
Wellgistics Health Inc. has launched an XRP Ledger-based payment system for 6,500 US pharmacies, marking a real-world blockchain deployment in the healthcare sector as of August 3, 2025.
The initiative evidences blockchain’s practicality in healthcare payments, potentially inspiring similar ventures while enhancing transaction speed and cost efficiency in regulated industries.
Wellgistics Health Inc. Launches XRP Ledger-Based Payment System
Wellgistics Health Inc. (NASDAQ: WGRX), a major US pharmaceutical distributor, has launched an XRP Ledger-based payment system for approximately 6,500 pharmacies. This marks a considerable deployment of blockchain technology within the healthcare sector.
Wellgistics Health collaborated with RxERP to facilitate pharmacy onboarding and transaction management. CEO Brian Norton emphasized the transformative impact of blockchain technology, especially as it scales across the industry.
“Independent pharmacy owners are far more forward-thinking than many realize. They see the power of blockchain and understand how transformative this will be as it scales across the industry.” — Brian Norton, CEO, Wellgistics Health
The new payment system aims to decrease processing times and transactional costs in pharmaceutical settlements. It contrasts with conventional banking methods, which often experience multi-day delays at high costs.
Financial strategies involve debt-to-equity conversions to strengthen equity, with no external funding involved. XRP is the sole cryptocurrency utilized, differentiating it from projects involving other crypto assets.
The launch could stimulate similar adoption in other industries, subject to successful outcomes. Currently, it focuses on pharmaceutical applications. Regulatory compliance, including HIPAA and AML, was accounted for in the system’s design. The system is designed to comply with HIPAA and Anti-Money Laundering (AML) regulations, ensuring secure, private, and legally compliant settlement flows between pharmacies and the distributor.
Expert insights suggest technological advancements may emerge, beneficial for sectors beyond healthcare. Historical trends show limited blockchain deployment at this level, though similar ventures might follow suit, informed by this case’s success metrics.
