A lawyer who supports Ripple, Bill Morgan, thinks a recent filing by a healthcare company, Wellgistics Health (WH), is a big deal for XRP. The filing shows WH plans to use XRP in some pretty significant ways.
Beyond Just Holding XRP
WH’s filing with the SEC isn’t just about holding XRP as a reserve. Morgan says it shows WH wants to integrate XRP into its entire financial system. This goes beyond simply using it as a speculative investment.
XRP for Payments and More
WH plans to use XRP for real-time payments with customers, vendors, and manufacturers. This is a big deal, especially for business-to-business (B2B) transactions. They also plan to use their XRP holdings to get more funding and even generate income from XRP-related activities.
XRP as a Financial Tool
Basically, WH sees XRP as a versatile tool: for everyday payments, securing loans, and even earning money. Morgan sees this as a huge step in proving XRP’s value in the business world.
Mixed Reactions
While some XRP fans are excited, others are more cautious. Some are surprised a healthcare company is using XRP, and wonder if it’s more about marketing than real-world use.
Concerns and Counterarguments
One critic pointed out WH’s financial situation isn’t great, raising concerns that they’re using XRP mainly to attract investors. Morgan acknowledges this possibility but says WH’s plans reflect a broader trend of companies integrating crypto into their operations.