A major step forward for pharmaceutical payments has just arrived. Wellgistics Health Inc. is introducing a payment platform built around the XRP Ledger, targeting pharmacies across the United States.
The Florida-based company, listed on Nasdaq as WGRX, has chosen to embrace blockchain technology to modernize how pharmacies buy drugs and move money. Their effort centers on independent pharmacies, providing a system that lets them pay suppliers instantly and avoid credit card processing costs.
By integrating the new system with RxERP, Wellgistics’ proprietary enterprise platform, the distributor has enabled real-time tracking of deliveries and funds. Pharmacies using the service can monitor each transaction as it happens, with settlements flowing directly between buyers and suppliers.
This payment platform relies on the XRP Ledger, known for its speed and open design. With more than 6,500 pharmacies and 200 pharmaceutical manufacturers in its network, Wellgistics represents one of the largest attempts to deploy blockchain-powered payments in American healthcare.
The phased rollout begins as a beta program, open to pharmacies interested in the technology shift. Interested participants may join to explore how blockchain can simplify their daily operations and improve cash flow management.
Brian Norton, CEO of Wellgistics Health, has commented that independent pharmacy owners have shown enthusiasm for the innovation. He observes that these business owners tend to be surprisingly open to adopting advanced technologies, counter to some expectations within the healthcare sector.
The company has ensured that the payment platform is robust on the compliance front. It follows regulations such as HIPAA for privacy and upholds anti-money laundering standards, which is essential for sensitive healthcare information and monetary transactions.
The blockchain payments are handled through the XRP Ledger. It is not publicly confirmed whether pharmacy users pay invoices with XRP directly or utilize an automatic conversion from dollars into cryptocurrency behind the scenes.
Wellgistics plans to expand its use of blockchain beyond simple payments. Additional features on the horizon include tools for manufacturers and direct-to-patient medication distribution, all within regulatory guidelines and with physician oversight.
The long-term strategy includes holding a portion of corporate reserves in XRP, supporting on-demand liquidity and programmable transactions across their distribution business. A recent $50 million line of credit is expected to underpin these innovations, giving the company the flexibility to grow and adapt over time.
Wellgistics Health’s journey began in 2016 as Wellgistics LLC, focusing on wholesale medicine delivery and supply chain solutions. The group was then acquired by Danam Health in 2024. In early 2025, Wellgistics Health emerged as a separately-traded entity and has since driven independent initiatives around distribution and technology for pharmacies.
Despite these big moves, Wall Street has shown some caution. Shares have lost significant value since their initial public listing. Closing at 62 cents on Tuesday, the company is valued at about $47 million, with shares making a slight rebound in later trading.
The commitment to become both a user and reservoir of blockchain assets is a notable direction. By moving payments and reserves onto the XRP Ledger, Wellgistics positions itself at the intersection of pharmaceutical distribution and financial technology.
The overall push highlights the broader changes happening as blockchains become more prominent in real-world industries. The goal is to create seamless, traceable, and efficient networks among healthcare players, reducing delays and administrative costs for pharmacies and patients.
For those in other industries watching healthcare’s blockchain adoption, solutions like these hint at how technology could reshape their own processes. Enterprises considering a similar leap might explore opportunities to Start Cloud Mining, as blockchain infrastructure expands and matures worldwide.
Conclusion
As Wellgistics Health rolls out its blockchain payment platform, the move signals a larger shift in how pharmaceutical finance and supply chains operate. Pharmacies, manufacturers, and ultimately patients could benefit from reduced friction and greater transparency, marking a pivotal transformation for the sector.
This initiative shows the potential of integrating blockchain in established industries. By tying core business processes to the XRP Ledger and planning to hold digital assets as corporate reserves, Wellgistics is setting a standard others may soon follow.
Ewan’s fascination with cryptocurrency started through his curiosity about innovative technologies reshaping the financial world. Over the past four years, he has specialized in cloud mining and crypto asset management, diving deep into mining contracts, profitability analysis, and emerging trends. Ewan is dedicated to helping readers understand the technical and economic aspects of crypto mining, making complex information accessible and actionable.
