After the closure of the Ripple-SEC case, the giant company listed on Nasdaq took its first XRP step!

Recently, as companies' adoption of XRP has been rapidly increasing, the latest news came from Wellgistics Health, a healthcare infrastructure company listed on Nasdaq.

Wellgistics Health, a pharmaceutical distribution and healthcare infrastructure company listed on Nasdaq, announced in a press release that it will launch a new initiative to adopt XRP as a reserve asset and additionally utilize Ripple's real-time payment infrastructure.

Wellgistics plans to launch a $50 million equity credit program (ELOC) to support XRP payment initiatives.

The company stated that it will integrate ATMs and related technologies into the payment network to facilitate transactions between pharmacies, medical supply providers, and prescription drug manufacturers.

The company also stated that the health sector has long been criticized for slow payments, high fees, and outdated systems, but this situation will change with XRP. At this point, the company aims to accelerate vendor payments by integrating XRP into Ripple's blockchain network, automate pharmacy reimbursements, and improve financial access across the supply chain.

Wellgistics, Health will use XRP to send money in just 3 seconds instead of waiting days for payments to be processed. This means less delay, fewer errors, and a much smoother process. At this point, the company also added that it prefers XRP because it is faster, has lower fees, and is more flexible and transparent.

Wellgistics Health stated that if the initiative is successful, it will be the first public company to hold XRP as a reserve.