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Six Main Reasons Why Wellgistics Health Likes XRP
Wellgistics Health has implemented a payment system based on XRP across the national pharmaceutical distribution network, aiming for faster payments and lower transaction costs. This initiative has attracted the attention of lawyer Bill Morgan, who pointed out that the documents published by the company clearly stated the reasons for the clear operation to apply XRP. The decision to adopt XRP by Wellgistics is an example of how blockchain technology is implemented to meet measurable business needs rather than speculative benefits. The document shared by Morgan highlights the advantages of XRP in mass adoption.
Integration of XRP by Wellgistics Wellgistics Health has launched a payment program supported by XRP. This new system facilitates direct transactions between pharmacies and distributors using the XRP Ledger (XRPL), an infrastructure capable of processing payments in seconds and operating continuously without relying on bank working hours. The Wellgistics Health network includes thousands of independent pharmacies and over 200 manufacturers, making payment speed and predictability essential to maintaining an uninterrupted supply chain. By avoiding delays associated with traditional banking systems and eliminating credit card processing fees, the company is positioning this integration as a cost-saving measure and an operational upgrade. Why Did Wellgistics Choose XRP? Wellgistics Health identifies instant payment as a key advantage, allowing payments to be made in seconds instead of days. This acceleration helps improve working capital accessibility, enabling pharmacies to reorder without waiting for funding. The document also emphasizes the lower fees of XRP, achieved by avoiding traditional financial intermediaries. This cost-saving directly contributes to the fall in operational costs and is a key factor in large-volume pharmaceutical transactions. The company also emphasizes the value of continuous availability. With the XRP Ledger processing payments 24/7, transactions can be completed at any time, including weekends and holidays. This capability ensures that financial operations are always aligned with the continuous demand for prescription services. Real-time tracking enhances efficiency by allowing for immediate payment confirmation, minimizing administrative costs, and reducing the risk of payment disputes. Eliminating intermediaries from the payment chain shortens processing times and simplifies communication between parties. The CEO of Wellgistics, Brian Norton, stated that independent pharmacy owners with more progressive thinking recognize the scalability of blockchain and the ability to have greater control, speed, and transparency in financial operations. This perspective reflects the company's strategy to position XRP as a core operating tool.