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Healthcare firm banks on SEC and Ripple settlement

By: thestreet|2025/05/10 05:00:17
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Wellgistics Health (Nasdaq: WGRX), a public healthcare firm, said on May 8 that it is planning to not only add XRP to its corporate treasury but also integrate the token into its payment system.Once launched successfully, it would make Wellgistics among the first public healthcare companies to deploy XRP.The firm's equity line of credit worth $50 million will support the XRP payment initiative, it said. The payment system will connect manufacturers directly to pharmacies and patients. “Others are waiting for change. We’re building it,” Wellgistics Health CEO Brian Norton said. “I strongly believe that our XRP initiative positions Wellgistics Health years ahead of the curve-and squarely at the center of where healthcare and fintech converge.”The firm cited Ripple's global presence, XRP's institutional demand, and its fast and cost-efficient transactions as the reasons behind its decision into integrate the token to its payments system.The firm also seems to be capitalizing on the Ripple case nearing its end. The securities violations case filed against the payments firm by the Securities and Exchange Commission (SEC) in December 2020 is nearing its end. On May 9, both parties officially filed a joint settlement agreement letter.Notably, XRP is among the select cryptocurrencies that are supposed to be added to the U.S. digital assets stockpile announced by President Donald Trump on March 2.Following the latest development on the case, XRP surged as much as 13% to $2.4 on May 9. As per Kraken's price feed, the token was trading at $2.35 at the time of writing.

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