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Wellgistics debuts pay XRP for independent US pharmacies



Thousands of US pharmacies can now adjust the prescriptions of the prescribed cryptocurrency drug through a new blockchain-based system running Ripple’s XRP Ledger.

The system was developed by Wellgistic Health, a drug prescription and digital prescription route for more than 6,500 pharmacies, in collaboration with the RXERP pharmaceutical software firm.

According to companies, the system allows pharmacies to pay for the products and transfer funds, while all XRP ledger payments are recorded and offers an alternative to traditional bank transfers for the purchase of wholesale drugs.

“Independent pharmacy owners are more understanding than many who realize,” CEO of Wellgistics’ Brian Norton Says. “They see the power of blockchain and understand how it can be changed because it is scales throughout the industry.”

Wellgistic said the system meets health and financial care policies, including hipaa privacy requirements and anti-money laundering (AML) laws.

Related: Is the price of $ 30 XRP a real possibility for this bull cycle?

Blockchain health care

Blockchain and crypto are not necessarily hot health care topics, but the sector has been moving toward real-world adoption since 2023. Cointelegraph reportedTechnology can deliver major efficiency around the world, reaching more than faster, cheaper payments enabled by crypto and stablecoins.

Grand View Research appreciated The Global Blockchain in the Healthcare Market at $ 7.04 billion in 2023, which it gained for $ 214.86 billion by 2030.

https://www.youtube.com/watch?v=4n4Pznl8Syw

A place where web3 health care meets is decentralized science (desci). In an interview in September 2024 with Cointelegraph, Alex Dobrin of Vitadao – a collective dedicated to expanding human lifespans – Desci said it could cut off the costs and Accelerate drug development by better use of capital.

Asher Looi, co-founder of Blockchain and AI diagnostics firm BitDoctor.Aai, noted that decentralized models can streamline clinical trials.

This potential can also be reflected in the relevant market. The decentralized segment of clinical trial, for example, is expected to grow from $ 8.3 billion in 2023 to $ 33 billion by 2033, according to a market.US Report.

Despite the adoption, the health care blockchain is still facing major road barriers. Germany Healthcare pilots supported by government was stuck in 2024, mainly due to strict data privacy policies under the general European data protection regulation (GDPR).

Related: Bitcoin, Ether, the XRP price bump is pushing a market sentiment to ‘greed’

Health care treasury companies rise

Many health care entities have added digital assets to their corporate treasures in recent months, showing the increased interests of the health care industry in cryptocurrency.

In June, Cointelegraph reported that Prenetics Global Limited, a health science company listed in the NASDAQ, became the first healthcare company that launched a significant approach to Bitcoin’s treasury. Company got 187 BTC (worth $ 20 million) by Kraken, and nominated former Okex Chief Operating Officer Andy Cheung to its board to guard the initiative.

Singapore also announced that Basel Medical Group Getting $ 1 Billion on BTC in May. The healthcare company said the transition aimed at strengthening its expansion capabilities, even though the announcement was a 15% drop in its sharing price.

Legal Panel: The XRP Win leaves Ripple A ‘Bad Actor’ without Crypto Legal Precedent Set