XRP Healthcare will allow users to purchase pharmaceutical products and healthcare services using its native token.
XRP Healthcare, a London-based Web 3 company focused on building a decentralized pharmaceutical and healthcare marketplace on the XRP Ledger, has announced a partnership with ScriptCo in a press release today.
Notably, ScriptCo is an American pharmacy that has gained notoriety for selling prescriptions at wholesale prices. Per the partnership, ScriptCo will integrate its stores on the XRP Healthcare marketplace at launch. According to XRP Healthcare, the exclusive partnership is a significant milestone as ScriptCo runs a licensed mail-order service operational in 48 US states, including Washington, DC.
Per the press release today, the marketplace will launch on desktop and mobile in Q2 2023. It has already created its native token, XRPH, which users of the marketplace will use to purchase pharmaceutical products and healthcare services. Notably, users would be able to purchase both conventional and alternative medicine on the platform.
“There are millions of Americans struggling to pay the bills, let alone healthcare, so when I heard about ScriptCo, it was a no-brainer,” XRP Healthcare founder Kain Roomes said, talking about the partnership. “People having access to prescriptions at wholesale cost ties perfectly into our model, and I’m glad that XRPH will play a part in expanding the reach for ScriptCo.”
It is worth noting that Roomes is a self-described crypto investor who shot into the limelight last year due to his inspiring crypto story. The Enfield local reportedly became a millionaire after swapping his Rolex for Bitcoin when he faced a personal financial crisis.
The launch of an XRPL-based pharmaceutical marketplace comes as the network sees increased development in its decentralized finance use cases. Notably, in Q4 2022, the network launched native NFT functionality, leading to an explosion of NFT projects on the network, with 809,940 NFTs minted on the platform so far, per Bithomp data at press time.
In addition, testing is ongoing for an Ethereum Virtual Machine (EVM) sidechain and a protocol native Automated Market Maker (AMM). The XRPL plans to combine these with the benefits of its scalable network, which is heavily leveraged in Ripple’s On-Demand Liquidity (ODL) service, which uses XRP as a bridge currency for cross-border payments.