Pro-Crypto Lawyer Questions Wellgistics XRP Adoption Motive

Wellgistics Health, a healthcare technology firm, has made waves in the cryptocurrency and finance sectors by choosing to use XRP and the XRP Ledger for payments. However, this decision has raised questions from legal and financial experts, especially the Securities and Exchange Commission’s (SEC) lawyer Marc Fagel. Marc Fagel Doubts the Wisdom Behind Wellgistics’ XRP Usage According to a post on X , Marc publicly criticized the company’s choice to invest in this cryptocurrency. He noted that WH appears to be in a poor financial state, with low revenue, ongoing losses, and limited assets. Given this situation, Fagel questioned why a financially struggling healthcare company would choose to hold onto the coin, a volatile digital asset. The concerns center on the reason behind the pharmaceutical logistics company’s move. It remains to be seen whether the decision is based on a sound business strategy or if they are simply taking advantage of the crypto trend. Fagel suggested that this choice might put investors at unnecessary risk, especially in a field where financial stability is vital. Crypto Lawyer Views Wellgistics Move Differently Meanwhile, in another post on X , Bill Morgan, a prominent XRP supporter and a lawyer, offered a different view. He suggested that Wellgistics Health might be using XRP to attract investors and raise funds. He pointed out that using XRP for managing company finances is part of a larger trend in which companies are incorporating digital assets into their investments. Morgan pointed out that startups with limited funding can utilize crypto, such as XRP, as a unique selling point and a smart financial treasury strategy. It is worth noting that Wellgistics Health’s use of XRPL is getting attention, but opinions are mixed. Generally, the Ripple ecosystem has been expanding through new partnerships, exchange-traded fund (ETF) speculation, and growing institutional demand . XRP Treasuries Near $1B as Institutions Embrace Crypto A growing number of public companies are making significant investments in XRP, bringing total corporate commitments close to $1 billion . Notably, this trend indicates an increasing interest in incorporating blockchain-based assets into corporate financial strategies. On June 12, Singapore-based Web3 company Trident Digital announced its plan to raise $500 million to establish a corporate treasury based on XRP . Trident plans to earn returns on its XRP holdings by staking and using them within Ripple’s growing ecosystem. Similarly, Wellgistics secured a $50 million credit line for Ripple-related projects. These moves, among others, are forthcoming as the XRP Ledger gains more traction. Likewise, the company’s actions have brought total Ripple treasury commitments to $971 million, just $29 million away from the $1 billion milestone. The post Pro-Crypto Lawyer Questions Wellgistics XRP Adoption Motive appeared first on TheCoinrise.com .

Source: The Coin Rise