XRP received a significant push this week after Webus International Limited confirmed its plan to invest up to $300 million into the digital asset. The funds will be used to create a strategic XRP reserve and accelerate the development of blockchain infrastructure to support the company’s global mobility services.
According to Whale Insider (@WhaleInsider), Webus is preparing to acquire XRP as part of a broader plan to expand internationally and upgrade its payment systems. This move ensures that XRP plays a key role in Webus’s ongoing expansion.
The firm aims to obtain $300 million in funds by borrowing money from banks, using credit lines issued by institutions, and with support from its shareholders. The funds will be invested in building an XRP-based payment network that intends to reduce the delays and charges of international transactions.
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Webus CEO Nan Zheng explained that this move would reduce some of the difficulties commonly associated with cross-border payments. The business also plans to introduce digital wallets, blockchain booking systems, and a new Web3 loyalty program. The XRP ledger will manage and link together all the system’s features.
On top of that, Webus is renewing its collaboration with Tongcheng Travel Holdings, a prominent online travel company in China. Their joint blockchain project links both local and worldwide travel services in one place, offering faster and less expensive international travel to people.
Corporations Increasingly Embrace XRP for Reserves and Operations
This development adds to the growing number of public companies turning to XRP for strategic finance initiatives. Recently, Nasdaq-listed VivoPower announced its XRP-based treasury strategy. The company raised $121 million to build an XRP reserve, led by Prince Abdulaziz bin Turki Abdulaziz Al Saud.
The reserve was formed through a private offering of 20 million shares at $6.05 each. VivoPower pointed out that XRP will play a key role in its decentralized finance strategy, which also fits with the projected digital asset trends in the United States.
Consequently, XRP has improved its standing in enterprise finance by becoming more involved in areas like travel and transportation. As companies increasingly use XRP, its value is expanding beyond the crypto world.
The announcement that Webus International intends to invest $300 million has strengthened XRP’s momentum. As businesses integrate blockchain services, XRP is becoming a common choice for building real financial platforms.
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