Velgistics Health Inc. An XRP for thousands of pharmacies across the United States is deploying a laser-based payment system, deepening its stakes on the blockchain as it seems overhaul to the healthcare finance.
Nasdaq-listed distributor (WGRX) Is Announced This new platform enables independent pharmacies to pay for drug inventory and transfer funds immediately to delay banking delays and high credit card fees.
Integrated with RXERP, a serial pharmaceutical promises real-time tracking, low cost and direct disposal between e-commerce and enterprise resource planning system, program pharmacies and distributors. Pharmacies can now do Enrollment In the beta version of the program.
Is built on the system XRP account (XRPL)An open-source blockchain with core development led by Ripple Labs.
With a network of over 6,500 pharmacies and 200 manufacturers, the XRPL payment solution on the Velgistics scale is one of the first healthcare companies to launch. The firm’s CEO, Brian Norton, said that pharmacy owners have embraced the initiative, they have been called more thinking on blockchain than many people in the industry.
The program enables pharmacies to dispose of challans on XRPL, although Velgistics has not revealed whether participants will have to hold the XRP directly or use Fiat-TO-XRP conversions for disposal.
The program was designed to meet strict compliance standards, including hipaa and anti-laundering requirements. After the pharmacy roll-out, Velgistics plans to expand the stage and test direct-to-color programs, allowing medicines to be sent directly to patients under the doctor’s monitoring from medicines.
The initiative makes on 8 May Announcement The intention of that valjistics is not only for payment, but also as a Treasury Reserve Asset. The scheme is supported by the $ 50 million equity line of credit, which the management said that it would support programmable liquidity and on-demand financial infrastructure in its healthcare network.
Established as Welgistics LLC in 2016, the company was Acquired By Danam Health in September 2024 before closing through an initial public offering in February 2025. Today, Velgistics Health operates as a standalone nasdac-list unit, providing wholesale distribution, recipe routing and AI-operated hub services to nationwide pharmacies.
The stocks have fallen over 80% since the beginning of February. They closed at $ 0.62 on Tuesday, 7%below, before growing up to $ 0.65 in hourly trading. The company’s current market cap is about $ 47 million.
While preparing to place XRP on its balance sheet, the XRP is aiming to keep itself in position, by connecting the pharmacy payment from the laser, as a user and financial backer of Velgistics blockchain.
