Velgistics Health, a healthcare infrastructure company, will integrate the XRP (XRP) and related technologies in its payment network to streamline transactions between pharmacies, medical suppliers and prescription drug manufacturers, the company said. Announcement On 8 May.
Velgistics cited the last -time of XRP transactions and low transactions costs, which are the reasons for using XRP compared to heritage financial architecture such as automated clearinghouses (ACH) payments or wire transfer. Velgistics Health CEO Brian Norton said in the announcement:
“I believe that healthcare will not be companies with future winners, they will be the fastest rail, the most clean data and the most efficient platforms. We are betting on the infrastructure – not inertia.”
The integration of XRP will reduce the border quadit friction and allow transactions between various businesses in the supply chain, reading the declaration immediately in real time, reading the declaration.
https://www.youtube.com/watch?v=qrhtmbjcp3e
Blockchain payment rail and cryptocurrency can significantly reduce international transactions, leading to business opportunities that were previously out of access or were very expensive to implement and open global trade for residents in developing economies.
Connected: Can the price of XRP reach $ 4 in May? Analysts are looking at these major levels
Heritage banking system pushes back against crypto innovation
Cryptocurrency banks and financial institutions such as bitcoin (BTC) by providing colleague-to-letters transactions on a reliable network of decentralized nodes, who are sensorship-resistant and give the holder self-conscious on their money.
Other cryptocurrencies such as stablecoins and altcoins still have a third-party issuer, but the benefits of trading on blockchain payment rail, through the Internet, without closing the markets.
Banks and heritage financial institutions pushed back against the Genius Stabelcoin bill in March 2025, arguing that Stabecrim would destroy the market share of financial services of the banking industry and eventually run banks completely.
American senator Elizabeth Warren fought a fight to include several provisions in the bill, forcing any Stabelcoin firm that wants to trade his stabechoin with monitoring an established financial institution in the United States.
As a bipartisan success, the bill, after pushbacks from the Bill, Democratic Senators, failed to proceed to a floor vote on 8 May.
magazine: ZK-proof bitcoin-bitCoine and Smart Contract are bringing on Starkate
