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Webus Bets $300M on XRP to Fuel Payments — XRP’s Price Barely Budges
Webus, a Chinese AI-driven mobility company, wants to make chauffeur payments frictionless with a $300M XRP reserve. Markets? Unimpressed — for now.Webus Rolls Out $300M XRP Treasury PlanChinese AI-powered mobility giant Webus International Limited just lobbed a bold pitch into the crypto world: it’s aiming to raise up to $300 million to build a dedicated XRP reserve to support its expanding borderless payments ambitions. At the same time, the company is also renewing its partnership with Tongcheng Travel Holdings Ltd., a leading Chinese tourism firm.JUST IN: Webus International Limited to buy up to $300 Million worth of $XRP to establish strategic reserve, develop infrastructure and accelerate global expansion initiatives. pic.twitter.com/WmHOw931GR— Whale Insider (@WhaleInsider) May 29, 2025In a May 29 announcement, Webus revealed it will pursue a non-equity financing route to fund the war chest — think bank loans, shareholder guarantees, institutional credit lines, and some of its own reserves.CEO Nan Zheng said of the move, "These strategic developments have the potential to create a powerful synergy between our domestic and international operations," said Nan Zheng, Chief Executive Officer of Webus. "Our partnership with Tongcheng strengthens our China network infrastructure, while the integration of an XRP blockchain integration has the potential to revolutionize how we handle cross-border payments for both partners and travelers worldwide."In short: Webus wants XRP to be the grease in its global wheels — cutting out currency-conversion headaches and enabling instant chauffeur payments, refunds, and cross-border settlements for its AI-driven travel services.Why XRP? It’s About Speed, Costs — and Corporate TrendsettingSo why XRP? It boils down to the low-fee settlement layer, rapid transaction times, and seamless integration with the Ledger — all key for powering international services without the typical FX friction.BOOOOOOOOOOOOOOOM!!!
Webus, a Chinese AI-driven mobility company, wants to make chauffeur payments frictionless with a $300M XRP reserve. Markets? Unimpressed — for now.
Webus Rolls Out $300M XRP Treasury Plan
Chinese AI-powered mobility giant Webus International Limited just lobbed a bold pitch into the crypto world: it’s aiming to raise up to $300 million to build a dedicated XRP reserve to support its expanding borderless payments ambitions. At the same time, the company is also renewing its partnership with Tongcheng Travel Holdings Ltd., a leading Chinese tourism firm.
JUST IN: Webus International Limited to buy up to $300 Million worth of $XRP to establish strategic reserve, develop infrastructure and accelerate global expansion initiatives. pic.twitter.com/WmHOw931GR— Whale Insider (@WhaleInsider) May 29, 2025
In a May 29 announcement, Webus revealed it will pursue a non-equity financing route to fund the war chest — think bank loans, shareholder guarantees, institutional credit lines, and some of its own reserves.
CEO Nan Zheng said of the move, "These strategic developments have the potential to create a powerful synergy between our domestic and international operations," said Nan Zheng, Chief Executive Officer of Webus. "Our partnership with Tongcheng strengthens our China network infrastructure, while the integration of an XRP blockchain integration has the potential to revolutionize how we handle cross-border payments for both partners and travelers worldwide."
In short: Webus wants XRP to be the grease in its global wheels — cutting out currency-conversion headaches and enabling instant chauffeur payments, refunds, and cross-border settlements for its AI-driven travel services.
Why XRP? It’s About Speed, Costs — and Corporate Trendsetting
So why XRP? It boils down to the low-fee settlement layer, rapid transaction times, and seamless integration with the Ledger — all key for powering international services without the typical FX friction.
BOOOOOOOOOOOOOOOM!!!
