Wellgistics debuts XRP payments for independent US pharmacies
Wellgistics is bringing Ripple’s XRP Ledger to 6,500 US pharmacies, one of the first large-scale blockchain payment systems in healthcare.
Thousands of US pharmacies can now settle prescription drug payments in cryptocurrency through a new blockchain-based system running on Ripple’s XRP Ledger.
The system was developed by Wellgistics Health, a prescription drug distributor and digital prescription routing provider for more than 6,500 pharmacies, in partnership with pharmaceutical software firm RxERP.
According to the companies, the system enables pharmacies to pay for products and move funds, while recording all payments on the XRP Ledger and offering an alternative to traditional bank transfers for wholesale drug purchases.