Wellgistics, a Florida-based pharmaceutical distribution company, has unveiled plans to incorporate XRP into its payment and treasury operations, positioning itself as one of the earliest publicly traded firms to adopt this cryptocurrency.
In a press release published on Thursday, the company expressed its intention to utilize XRP’s blockchain framework to enhance transaction speeds and reduce settlement expenses for pharmacies, suppliers, and manufacturers alike.
Currently, traditional wire transfers can take up to three days to complete and can incur fees ranging from $10 to $30, often lacking adequate cross-border capabilities and transparency.
XRP: A Streamlined Option for Cross-Border Transactions
In stark contrast, XRP transactions finalize within 3 to 5 seconds and generally cost less than one cent, presenting a quicker and more economical choice for international payments.
“Wellgistics is reshaping the perception that the healthcare sector must rely on outdated systems and sluggish financial procedures,” stated CEO Brian Norton.
“We envision a future where platforms that emphasize speed, data transparency, and operational efficiency will prevail.”
To facilitate this transition, Wellgistics has secured a $50 million equity line of credit (ELOC), which will support its XRP integration and long-term treasury initiatives.
JUST IN: Pharmaceutical distributor, Wellgistics Health, set to integrate $XRP as a treasury and payments asset in $50 million financing deal. pic.twitter.com/PtyN7Z6mtg
— Whale Insider (@WhaleInsider) May 9, 2025
This funding will also enable the exploration of innovative concepts such as programmable liquidity and on-demand payment solutions specifically tailored for the healthcare sector.
Norton emphasized that the future of healthcare innovation will hinge on adaptability rather than legacy systems.
“I believe the future leaders in healthcare will not be those with the largest infrastructures…but rather those who operate with the most efficient systems, fastest transaction processes, and clearest data.”
Ripple Labs and SEC Dispute Reaches Conclusion After Extensive Legal Battle
In significant news for the cryptocurrency space, the prolonged legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has officially concluded after more than four years.
The SEC first filed a lawsuit against Ripple Labs in December 2020, alleging that the firm undertook an unregistered securities offering while selling XRP tokens, raising a staggering $1.3 billion.
Ripple rebutted these charges, contending that XRP should be classified as a digital currency rather than a security.
In July 2023, U.S. District Judge Analisa Torres issued a mixed ruling: she found that XRP sales to institutional investors did violate securities laws, whereas sales on public exchanges did not.
As a result, Ripple was required to pay a civil penalty of $125 million.
However, in March 2025, Ripple and the SEC settled their differences.
The settlement stipulated that Ripple would pay $50 million of the original fine, while the remaining $75 million would be returned.
Additionally, both parties agreed to withdraw their respective appeals, effectively putting an end to the litigation.
Recently, a potential security incident was averted when a hacker exploited a developer’s access token to insert malicious code into a critical toolkit used by applications on the XRP Ledger.
Aikido Security reported that the attacker gained unauthorized access to a developer’s Node Package Manager (NPM) token, allowing them to release compromised versions of xrpl.js, the official JavaScript library for interacting with the XRP Ledger.
With over 140,000 weekly downloads, this library is integrated into hundreds of thousands of applications and websites, raising alarms about the potential extent of the breach.
Is XRP Poised to Exceed $5 Soon?
As of now, the XRP price stands around $2.40. A climb to $5—which would represent a nearly 100% increase—would necessitate several favorable conditions coming together simultaneously:
- Regulatory Clarity: March’s SEC settlement eliminated uncertainties about the classification of secondary-market XRP sales as securities, clearing a significant barrier to U.S. institutional involvement.
- Corporate Adoption: Should Wellgistics demonstrate that conducting transactions using the XRP Ledger can reduce costs, it may encourage other mid-sized companies, particularly in high-velocity sectors like e-commerce and logistics, to adopt the technology, enhancing real-world transaction volumes.
- Positive On-Chain Indicators: Daily transactions on the XRP Ledger reached an all-time high in April, and the number of active addresses is increasing. This upward trend often precedes significant price movements, with technical indicators suggesting a breakout above $3.00 could lead to a rise towards $3.80 and thereafter, potential resistance at $5.00.
- ETF and Liquidity Dynamics: Rumors of a U.S. spot-XRP ETF have surged following a softer SEC stance, already pushing prices toward $3. A mid-sized issuer filing in 2025 could enhance demand similar to the inflows seen with Bitcoin ETFs earlier this year.
- Supply Dynamics: Ripple’s programmed escrow releases periodically return unutilized XRP to lock-up, effectively capping net issuance. A scenario where corporate demand and ETF influences outpace the release of tokens from escrow could result in a supply squeeze, further propelling any price surge.
In summary, as legal uncertainties diminish and on-chain activity rises, along with the high-profile adoption of XRP by public companies, the conditions for achieving a $5 XRP are becoming increasingly plausible. However, investors should remain cautious and consider the inherent volatility of the token and the broader crypto market’s susceptibility to macroeconomic fluctuations.
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