Fast and Low-Cost Payments with Blockchain

The Nasdaq-listed distributor (WGRX) announced that its new platform enables independent pharmacies to pay for drug inventory instantly, bypassing banking delays and high credit card fees.

The system is integrated with RxERP, a serialized pharmaceutical e-commerce and enterprise resource planning platform. This ensures real-time tracking, lower costs, and direct settlement between pharmacies and distributors. Pharmacies have already begun registering for the beta version of the program.

Healthcare Payments Integrated with XRP Ledger

The platform is built on the open-source blockchain XRP Ledger (XRPL). Led by Ripple Labs in core development, XRPL powers Wellgistics’ network of more than 6,500 pharmacies and 200 manufacturers.

CEO Brian Norton highlighted that pharmacy owners have shown great interest in the initiative, noting that the healthcare sector is more forward-thinking toward blockchain than many assume.

Compliance, Security, and Future Plans

The program was designed to meet strict compliance standards, including HIPAA and anti-money laundering (AML) requirements. While the first stage focuses on pharmacies, future plans include integrating pharmaceutical manufacturers and testing direct-to-patient delivery models.

Wellgistics also announced on May 8 that it aims to use XRP not only for payments but also as a treasury reserve asset. This initiative is supported by a $50 million credit line, designed to enhance programmable liquidity and financial infrastructure.

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