Wellgistics Health’s Bold XRP Move: But Is It Real Strategy or Just Investor Buzz?

Key Points

1. Wellgistics Health plans to use XRP for treasury management, real-time payments with pharmacies and vendors via the XRPL, and as collateral for loans.

2. The company secured a $50 million Equity Line of Credit (ELOC) from LDA Capital to support its XRP adoption plans.

3. Attorney Bill Morgan highlights that Wellgistics' strategy demonstrates serious business utility for XRP, beyond just holding it as a reserve asset.

4. The filing raises questions about whether Wellgistics is adopting XRP for its utility in payments or as an investment strategy similar to other companies like Tesla and MicroStrategy with Bitcoin.

5. The move could challenge the narrative that XRP lacks utility, depending on how Wellgistics implements it in its business operations.