Wellgistics Health, a healthcare infrastructure firm, will integrate XRP (XRP) and associated applied sciences into its payment community to streamline transactions between pharmacies, medical suppliers and prescription treatment producers, the corporate mentioned in an announcement on Might 8.
Wellgistics cited the finality time of XRP transactions and diminished transaction prices, that are fractions of a penny, in contrast to legacy financial architecture like automated clearinghouse (ACH) funds or wire transfers, as causes for utilizing XRP. Brian Norton, CEO of Wellgistics Health, mentioned within the announcement:
“I imagine that the longer term winners in healthcare is not going to be the businesses with the largest buildings, they are going to be these with the quickest rails, cleanest knowledge, and most effective platforms. We’re betting on infrastructure — not inertia.”
The combination of XRP will reduce cross-border friction and permit transactions between completely different companies within the provide chain to settle immediately, in actual time, the announcement reads.
Blockchain payment rails and cryptocurrencies can considerably cut back worldwide transaction prices, giving rise to enterprise alternatives that have been beforehand out of attain or too costly to implement and opening up world commerce for residents in creating economies.
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Legacy banking system pushes again towards crypto innovation
Cryptocurrencies like Bitcoin (BTC) disintermediate banks and monetary establishments by offering peer-to-peer transactions over a trustless community of decentralized nodes which are censorship-resistant and provides the holder self-sovereignty over their cash.
Different cryptocurrencies like stablecoins and altcoins nonetheless characteristic a third-party issuer, however benefit from buying and selling on blockchain payment rails, by way of the web, with out markets closing.
Banks and legacy monetary establishments pushed back against the GENIUS stablecoin bill in March 2025, arguing that stablecoins would erode the banking business’s market share of monetary providers and ultimately drive out banks altogether.
US Senator Elizabeth Warren additionally fought to embrace a number of provisions within the invoice that may drive any stablecoin agency that desires to do enterprise in the US to problem their stablecoin with the oversight of a longtime monetary establishment.
The invoice, hailed as a bipartisan success, failed to advance to a flooring vote on Might 8 after pushback from Democratic senators.
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