Webus International to Raise Up to $300 Million for XRP Reserve
Webus International plans to raise up to $300 million through non-equity financing to establish an XRP reserve for its global chauffeur payment network. Key points include:
- The reserve will support the integration of XRP’s cross-border settlement capabilities.
- On-chain booking records and a Web3-based loyalty program will be part of the ecosystem.
- The initiative aims to streamline international payments without issuing new shares, relying on loans and credit lines.
- This follows VivoPower International's plan to create a $121 million XRP treasury, highlighting growing corporate interest in XRP.
- The financing plan is non-binding and subject to final agreements.
- Webus is renewing its partnership with Tongcheng Travel Holdings to extend "Wetour x Tongcheng" charter lines using the XRP Ledger for settlements.