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Nasdaq Firm Wellgistics Turns to XRP for Crypto Finance Strategy, Ripple Legal Expert Weighs In
A recent SEC filing has revealed that Nasdaq-listed firm Wellgistics Health is poised to integrate XRP (Ripple’s native cryptocurrency) into various aspects of its operations. The move marks a significant shift in the corporate world’s perception of XRP, as it seeks to leverage the digital asset for finance strategy.
Wellgistics plans to utilize XRP as both a treasury reserve and a payment rail, allowing the company to streamline financial transactions with pharmacy customers, manufacturers, and vendors. This decision underscores the growing acceptance of cryptocurrency infrastructure in mainstream business models.
Furthermore, the SEC filing highlights Wellgistics’ intention to expand its XRP reserves through equity or debt offerings. The raised funds will be used to acquire more XRP, firmly entrenching it within the company’s financial structure. Moreover, the organization plans to leverage its existing XRP holdings as collateral for securing loans or financing.
This innovative approach is a rare sight in the healthcare industry and binds Wellgistics’ financial performance directly to crypto market fluctuations.
In addition to these uses, the filing also suggests that the company aims to generate income from its XRP reserves through staking, lending, or other yield-generating strategies. This multi-faceted role for XRP addresses long-standing skepticism surrounding its practical applications.
As XRP’s price has recently plummeted by 14% over the past week and trades at $3.06 with daily volume exceeding $10 billion (per CoinGecko), this move underscores the asset’s growing importance in enterprise operations, transcending mere speculation.
Source: blockonomi.com
