Florida Pharma Firm Will Use XRP for Real-Time Payments in $50M Financing Deal

A Florida-based pharmaceutical distributor is backing XRP as a treasury and payments asset, putting the token at the center of a $50 million financing deal.Wellgistics Health (WGRX) said Thursday it had secured an equity line of credit to support XRP-based reserves and infrastructure for real-time payments.The company plans to use the blockchain to settle transactions across its pharmacy network, manage vendor payouts, and issue credit lines backed by XRP.The move makes Wellgistics one of the few publicly listed U source: https://www.coindesk.com/markets/2025/05/09/florida-pharma-firm-will-use-xrp-for-real-time-payments-in-usd50m-financing-deal