Summary
- Wellgistics Health announced a new initiative to secure XRP reserves and introduce Ripple's real-time payment infrastructure.
- If the initiative is successful, Wellgistics will be the first listed company to hold XRP as reserves.
- They stated that they will proceed with a $50 million equity line of credit program for this plan.
According to CryptoBasic, a media outlet specializing in virtual assets (cryptocurrencies), Wellgistics Health (Nasdaq ticker: WGRX), a US Nasdaq-listed pharmaceutical distribution and medical infrastructure company, announced via a press release that it will launch a new initiative to secure XRP reserves and introduce Ripple's real-time payment infrastructure.
If the commercialization of this initiative is successful, Wellgistics will become the first listed company to hold XRP as reserves, according to Wellgistics Health.
Meanwhile, Wellgistics plans to proceed with a $50 million equity line of credit (ELOC) program to support this plan.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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