A Florida-based pharmaceutical company, Wellgistics, is spearheading a significant shift in pharma payment processing by leveraging the XRP blockchain network. This move aims to drastically improve efficiency and cost-effectiveness within the sector. The company’s decision to integrate XRP offers real-time payments, slashing transfer times from days to mere seconds, and cutting transaction fees to less than $0.10 per transaction. Wellgistics CEO Brian Norton believes this technology breaks free from traditional healthcare payment limitations, paving the way for faster cash flow and improved operational efficiency across all stakeholders in the supply chain – pharmacies, suppliers, and manufacturers. This innovative approach provides enhanced transparency and auditability through blockchain technology, ensuring clear record-keeping throughout the financial process.