Thousands of pharmacies can now settle the medicines prescribed in the cryptocurrency through a new Blockchain system that works on Ripple’s XRP LEDGER.
The system has been developed by Wellgistics Health, which is a prescription drug distributor and a digital description guidance provider of more than 6500 pharmacists, in partnership with the RXEP Pharmaceutical Software Company.
According to companies, the system enables pharmacies to pay the costs of products and transfer money, with all payments registered on the Professor XRP book and providing an alternative to traditional bank transfers to purchase wholesale medicines.
“Independent pharmacy owners are more thinking forward than many,” Brian Norton, CEO He said. “They see Blockchain’s power and understand the extent of the transformation it will be while expanding its scope throughout the industry.”
Wellgistics says the system meets health rules and financial rules, including HIPAA privacy requirements and anti -money laundering laws (AML).
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Healthcare health care
Not necessarily from Blockchain and Crypto hot themes in the field of health care, but the sector has been steadily heading towards the real world adopting since 2023. As Cointelegraph mentioned, technology can provide great competencies around the world, and it reaches further faster and the cheapest complete payments than Crypto and Stablecoins.
Grand View Research value Global Blockchain in the healthcare market at $ 7.04 billion in 2023, with expected to reach 214.86 billion dollars by 2030.
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One of the areas where health care meets with Web3 is decentralized science (Desci). In an interview with Cointelegraph in September 2024, Alex Dobrin from Vitadao – a collective focus on extension of human life – said Desci can reduce costs and accelerate the development of medicines by using the most efficient capital.
Asher Louie, co -founder of Blockchain and the Bitdocator IQ Diagnostic Company, noted that decentralized models can simplify clinical trials.
These capabilities are also reflected in the relevant markets. It is expected that the decentralized clinical trial sector will grow, for example, from $ 8.3 billion in 2023 to about 33 billion dollars by 2033, according to the market. a report.
Despite the adoption, Blockchain still in health care faces the main road barriers. The government -backed health care pilot in Germany stopped in 2024, mainly due to the rules of strict data privacy under the General Data Protection Regulation in Europe (GDPR).
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Healthcare cabinet companies rise
Several healthcare entities have added digital assets to corporate bonds in recent months, indicating the increasing interest of health care industry in the encrypted currency.
In June, Cointelegraph reported that Prenetics Global Limited, a health science company listed on the Nasdaq Stock Exchange, has become the first health care company to launch a great strategy for Bitcoin Treasury. The company acquired 187 BTC (worth 20 million dollars) through KAKEN, and has appointed the former Okex and Cheung operations manager at the Board of Directors to oversee the initiative.
The Basel Medical Group in Singapore has also announced plans to create a bitcoin reserve by obtaining a billion dollars in BTC in May. The health care company said that this step aims to enhance its expansion capabilities, although this announcement led to a 15 % decrease in its share price.
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The post Wellgistics debuts XRP payments for independent US pharmacies first appeared on Investorempires.com.
