WELLGISITICS HEALTH, a medical infrastructure company, announced on May 8 that it will simplify the transactions between pharmacies, medical suppliers and prescribed drug manufacturers by integrating XRP (XRP) and related technologies into payment networks.
WELLGISTICS cited the cost of transactions as part of a penney compared to the Legacy Financial Architecture, such as the ACH payment or the transmission of the wires, for the final time and transaction cost of the XRP transaction. Brian Norton, the CEO of WellGists Health, said:
“The winner of the future in the medical field will be the company with the largest building, the fastest rail, the cleanest data and the most efficient platform. We are betting on infrastructure, not inertia.”
The integration of XRP reduces friction between the borders and allows transactions between other businesses in the supply chain to settle in real time immediately.
https://www.youtube.com/watch?v=QRHTMBJCP3E
Blockchain payment rails and cryptocurrencies can greatly reduce the cost of international transactions, which can lead to business opportunities that are not too expensive to implement and open global trade for residents of developing countries.
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Legacy banking system opposes encryption innovation.
Cryptocurrency, such as Bitcoin (BTC), provides peer -to -peer transactions for untrusted node networks that are strong in censorship, giving them self -interest in money to separate banks and financial institutions.
Other Cryptocurrencies, such as Stablecoins and Altcoins, are still characterized by third -party issuers, but they have the advantage that they can be traded on blockchain payment rails without market closure on the Internet.
Banks and legacy financial institutions opposed the Ghost Stablecoin Bill in March 2025, opposing the genius Stablecoin bill, and insisting that STABLECOINS would erode financial services and eventually drive out banks.
Senator Elizabeth Warren, a US Senator, has also tried to include several provisions to force the Stabble Recon company to do business in the United States to issue stability as a supervision of existing financial institutions.
The bill was welcomed by the success of the two parties, and failed to advance to the floor voting on May 8 after the push back of the Democratic Senate.
magazine: ZK-Proofs