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Wellgistics Health Inc (NASDAQ: WGRX), the leading independent pharmacy distributor, announced on Wednesday the launch of an XRP payment program for pharmacies across the US. The new program will enable pharmacies to make payments leveraging blockchain technology in collaboration with Ripple Labs. The medical pharmacy industry usually takes days to settle invoices through the traditional method of bank transfers. With the help of blockchain technology, Ripple will power Wellgistics Health to settle payments in seconds through XRP transfers. Ripple will handle onboarding, transactions, and reporting, making payments faster with lower transactional fees. Wellgistics Health serves over 6,500 independent pharmacies under its wing, with an additional 200 medicine manufacturers. Also Read: $29 XRP Price Possible? Here’s When It Could Get There “Independent pharmacy owners are far more forward-thinking than many realize,” said Brian Norton, CEO of Wellgistics Health. “They s...

Consumers shopping at Walmart and Amazon could soon settle their baskets with the retailers’ dollar-pegged digital tokens after both firms confirmed they are exploring proprietary stablecoins. People familiar with the plans told The Wall Street Journal that preliminary technical work is underway, although neither company has yet committed to a launch date. The move would represent the deepest incursion by non-financial multinationals into the U.S. payments system, potentially diverting billions of dollars in card fees from banks and networks towards the two retail behemoths. Industry analysts say the timing is no coincidence. The U.S. Senate is expected to vote on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act on June 17, establishing a clear legal framework for corporate issuers. Both companies have long chafed at the cost of traditional card rails; Walmart alone paid an estimated $2.1 billion in processing fees last year. By issuing...