XRP News Today: Webus International Files $300 Million XRP Treasury Strategy

Webus International, a Nasdaq-listed company specializing in AI-driven mobility solutions, has filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC) outlining a $300 million XRP treasury strategy. The primary goal of this strategy is to utilize digital assets like XRP to facilitate smoother cross-border payments and enhance overall operational efficiency.

Webus plans to fund this treasury through a combination of available cash, bank loans, institutional-backed credit lines, and shareholder guarantees. This move is part of a broader initiative to build a blockchain-based financial ecosystem, as previously announced by the company. The strategy is backed by Samara Alpha Management LLC, indicating a significant partnership in this financial endeavor.

Webus is not the only company exploring this strategy. Other firms, such as VivoPower and Wellgistics, have also announced similar XRP initiatives. VivoPower committed $121 million, while Wellgistics opened a $50 million credit line for XRP-related operations. These investments reflect a growing institutional belief in XRP’s potential as a digital reserve and payment asset.

Webus CEO Nan Zheng expressed confidence in the strategy, stating that it will strengthen both local and international operations. Domestically, the company has extended its strategic alliance with Tongcheng Travel Holdings, a major player in the travel tech space. This collaboration will enhance Webus’s branded inter-city charter services under the “Wetour × Tongcheng” platform.

Globally, Webus plans to integrate XRP payments to remove friction in cross-border settlements. This includes real-time payments to chauffeurs and service partners, along with instant refund capabilities. By bridging blockchain technology with practical services, Webus aims to redefine the user experience for global travelers.

The $300 million financing will also support the development of new blockchain infrastructure. Key items on Webus’s strategic roadmap include building proprietary XRP-compatible wallets for its user base and launching innovative Web3-based loyalty tokens. This initiative underscores the company's commitment to leveraging digital assets for future growth and innovation.

In summary, Webus International's filing with the SEC to establish a $300 million XRP treasury is a strategic move that demonstrates the company's commitment to innovation and its belief in the potential of digital currencies to transform cross-border payments. This initiative, coupled with regulatory oversight, positions Webus at the forefront of the digital asset revolution, paving the way for more companies to explore the benefits of blockchain technology.