Wellgistics Health, an organization for health infrastructure, will integrate XRP (XRP) and related technologies into its payment network with a purpose to optimize the transactions between pharmacies, medical suppliers and prescription drug manufacturers, the corporate announced in an announcement on May 8.
Wellgistics cited the ultimate time of XRP transactions and reduced transaction costs, that are breaks of a penny, in comparison with Legacy Financial Architecture akin to Achmization Clearinghouse (oh) payments or cable transmissions, as reasons for the usage of XRP. Brian Norton, CEO from Wellgistics Health, said within the announcement:
“I imagine that future winners within the healthcare system won’t be the businesses with the biggest buildings, but those with the fastest rails, cleanest data and best platforms. We depend on the infrastructure – not on inertia.”
The integration of XRP reduces cross -border friction and enables transactions between different firms in the availability chain to become involved in real time, in line with the announcement.
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Blockchain payment rails and cryptocurrencies can significantly reduce international transaction costs, which results in business opportunities that were previously unreachable or were too expensive to implement and open global trade for residents in developing countries.
Legacy Banking System drives back against crypto innovation
Cryptocurrencies akin to Bitcoin (BTC) Dissintermediates Banks and financial institutions by providing peer-to-peer transactions through a trustless network of decentralized nodes which can be censible and provides the owner of their very own money.
Other cryptocurrencies akin to stablecoins and old coins still have an issuer from third-party providers, but have the advantage of acting with blockchain payment rails over the Internet without closing the markets.
In March 2025, banks and Legacy Finance Institutions against the Genius StableCoin law draft. They argue that stable coins undermine the market share of the banking industry to financial services and at last perform the banks overall.
The US Senator Elizabeth Warren also struggled to incorporate several provisions within the legislative template that each StableCoin company would force that might do business within the USA to issue their stable coin with the supervision of a longtime financial institution.
The draft law, which was celebrated as a cross -party success, couldn’t go to a ground vote on May eighth after the democratic senators' setback.
