XRP Healthcare To Go Public On The Canadian Stock Exchange
- XRP Healthcare, a platform that aims to make medical products and services more accessible in Africa, is in the advanced stage of its transition to a publicly listed company under the Canadian stock exchange.
- The company, founded by a father and son team, leverages the XRP Ledger blockchain and AI for its platform.
XRP Healthcare, a company incorporated in Dubai, announced that it’s about to go public on the Canadian stock exchange. The business, established by a father-and-son team, entrepreneur Laban Roomes and footballer Kain Roomes, leverages the XRP Ledger (XRPL) and artificial intelligence (AI) to enhance the delivery of healthcare services in Africa.
Reverse Takeover of XRP Healthcare
The firm signed a letter of intent on May 14 for a reverse merger with AAJ Capital 3 Corp. The Strategic move allows XRP Healthcare to be listed on Canada’s TSX Venture Exchange.
Kain stated that the listing would allow their company to expand while underscoring their commitment to transparency and regulatory compliance. The deal valued the company at C$16 million ($11.5 million).
“This agreement is a strategic leap toward our vision of transforming healthcare in emerging markets,” said Kain. “We’re building a unified, tech-enabled platform across Africa—one that delivers real-world impact, scales responsibly, and positions XRP Healthcare as a category-defining public company.”
Meanwhile, Peeyush Varshney, CEO of AAJ Capital 3 Corp., expressed optimism about the Roomes’ letter of intent. He believes the reverse merger offers an excellent opportunity to enhance the quality of life of underprivileged communities with difficulty accessing healthcare products and services.
“XRP Healthcare offers a compelling opportunity to support a forward-thinking, technology-driven healthcare platform focused on underserved African markets,” stated Varshney.
The latest developments align with the company’s goal of going public by the third quarter of 2025, as disclosed last March.
What the Business is All About
XRP Healthcare was the brainchild of Kain. With the support of his father, Laban, the duo formulated the framework of a revolutionary healthcare platform that combines blockchain and AI.
The platform uses XRPL to facilitate cross-border payments, reduce administrative costs, and track medical inventory. In addition, it bridges pharmacies in Africa, starting with Uganda, to improve their access to each other.
Moreover, the platform utilizes XRP, the Ripple USD (RLUSD) stablecoin, and its native token, XRPH, for efficient and fast transactions. Furthermore, it incentivizes users with discounts on medical products or rebates denominated in XRPH.
The next phase on the platform’s roadmap is to integrate AI under its proprietary XRPH AI app.
“We realized the AI app could be monetized by giving users instant free health advice and pharmacy discounts,” stated Kain. “It made sense to separate crypto functions clearly from healthcare-focused AI features to optimize both products.”
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