The company would merge and acquire private healthcare institutions in Africa.
XRP Healthcare – a Web3 healthcare solutions company building a healthcare marketplace on the XRP Ledger – has revealed that it will expand to Africa.
In a press release on Thursday, the firm revealed that it would acquire and merge with privately owned healthcare establishments via an African subsidiary – XRP Healthcare Africa.
The press statement said the move would see the company provide easier access to health services and medication. In addition, the expansion would allow users to leverage the blockchain for more transparent and secure transactions.
According to the firm, its latest effort is timely in light of the projected growth of the population and health sector. Africa’s population is estimated to double to about 2.5 billion between 2021 and 2050, while its health industry is expected to be valued at $259 billion by 2030. XRP Healthcare says the forecast necessitates the establishment of quality healthcare institutions.
“We aim to create a new industry standard in the private African healthcare sector, combining pharma, crypto, and medicine to help support the already existing systems to be upgraded and open up growth for premium digital health strategies fueled by the (XRPH) token,” Dr. Marc O’Griofa, XRP Healthcare’s chief medical officer commented.
The proposed decentralized pharmaceutical product and services marketplace is set to launch in Q2. As previously reported, the company has already partnered ScriptCo and United Networks of America. The first will allow U.S. users access medication at wholesale prices, while the latter has seen the firm launch a prescription savings card.
“It is amazing to think that in such a short space of time, so much has been accomplished – I am extremely proud that as a company we are investing in the deeply fragmented African Healthcare sector to deliver premium and accessible healthcare to all, fueled by our native token (XRPH),” XRP Healthcare founder Kain Roomes said in a written statement.