Webus International Plans $300 Million Investment in XRP for Global Payments

Beijing, China – Webus International Limited, a Nasdaq-listed Chinese AI-powered mobility firm, announced plans today to invest up to $300 million in an XRP reserve. This strategic move aims to facilitate instant international payments, particularly for their chauffeur services.

The funding will not dilute the company’s equity, according to officials. Instead, it will help build a reserve of XRP to support various blockchain-based initiatives including on-chain bookings and customer loyalty programs.

“These strategic developments have the potential to create a powerful synergy between our domestic and international operations,” Nan Zheng, CEO of Webus, stated. He emphasized that incorporating XRP could revolutionize how the company manages cross-border payments. This is especially crucial given the challenges Chinese firms face in processing payments internationally.

While the funding initiative is in the exploratory phase and not finalized yet, Webus executives are optimistic. XRP has seen a 1% increase over the past 24 hours, making it one of the few major tokens currently performing well.

Webus mentioned that the funding could also lead to new blockchain infrastructure developments, benefiting their operations in various areas, such as lending and third-party credit arrangements. The integration could bolster Webus’s position in the competitive AI market, providing smooth transaction solutions for their global customer base.

In recent developments, other companies, such as Hyperscale Data, have also expressed interest in purchasing significant amounts of XRP, indicating a growing trend of corporate interest in cryptocurrency.