Wellgistics Health for the integration of XRP into the payment infrastructure

Wellgistics Health, a company for health infrastructure, will integrate XRP (XRP) and related technologies into its payment network in order to optimize transactions between pharmacies, medical suppliers and prescription drug manufacturers, the company announced in an announcement on May 8.

Wellgistics cited the final time of XRP transactions and reduced transaction costs, which are breaks of a penny, compared to Legacy Financial Architecture such as Achmization Clearinghouse (oh) payments or cable transmissions, as reasons for the use of XRP. Brian Norton, CEO from Wellgistics Health, said in the announcement:

“I believe that future winners in the healthcare system will not be the companies with the largest buildings, but those with the fastest rails, cleanest data and most efficient platforms. We rely on the infrastructure – not on inertia.”

The integration of XRP reduces cross -border friction and enables transactions between different companies in the supply chain to get involved in real time, according to the announcement.

https://www.youtube.com/watch?v=Qrhtmbjcp3e

Blockchain payment rails and cryptocurrencies can significantly reduce international transaction costs, which leads to business opportunities that were previously unreachable or were too expensive to implement and open global trade for residents in developing countries.

Related: Can XRP Prize reach 4 US dollars in May? Analysts observe these important levels

Legacy Banking System drives back against crypto innovation

Cryptocurrencies such as Bitcoin (BTC) Dissintermediates Banks and financial institutions by providing peer-to-peer transactions through a trustless network of decentralized nodes that are censible and give the owner of their own money.

Other cryptocurrencies such as 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.