Florida -based pharmaceutical distribution company Wellgistianshas decided to use the crypto currency network and the popular Altcoin XRP as a real -time payment infrastructure and treasury management tool. In this way, company officials want to eliminate the waiting and high cost problem of money transfers in traditional systems. XRP The fact that the transactions are concluded within seconds and the transaction fees below $ 0.1 will give advantage to all sides in the supply chain. Wellgistics CEO Brian Nortonstressed that they refuse the limitation of the health sector to heavy and slow -functioning systems.
The supply chain payment network will be accelerated with XRP
International money transfers with standard banking channels usually last for two to three working days and cost between $ 10 – 30. Regional restrictions, lack of transparency and high number of intermediaries can cause the process to slow down. In the XRP -based network, money transfers are completed in 3 – 5 seconds, while a worldwide compatible infrastructure is offered. In this method, each transfer fee remains below $ 0.1.
In this way drug distribution chainIt is aimed to optimize cash flow with low trading fees for pharmacies, suppliers and manufacturers. In addition, the open traceability offered by Blockchain technology will facilitate transparent and supervision of payment records.
FINANCIAL AND FUTURE PLANS
WellgiStics, $ 50 million for XRP integration and treasure reserve strategy Expandable Credit Limit (ELOC) made an application. This financing will provide resources for the company to evaluate new payment models as well as providing cash balance.
Programmable in the coming period liquidity and on request PAYMENT SOLUTIONSNi will be tested. Norton summarized their visions with the words, “The winners of the future will not be large buildings, but those with fast infrastructure and clean data, Nort. This approach of Wellgistics coincides with the goal of increasing operational efficiency in the health and pharmaceutical industry. Moreover Ripple 
$2.41 And the Altcoin XRP stands out as an important move in terms of taking a place in the sector and stepping into a new sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
