Webus International Limited, a top player in China’s Collective Mobility Service market, specializing in AI-driven customized chauffeur services, has announced a strategic financing initiative of up to $300 million to fund its proposed XRP reserve. Amelie (@_Crypto_Barbie), a popular crypto influencer on X, shared the news with the XRP army. This development shows Webus’ ambition to modernize its mobility services and reinforces the emerging role of digital assets like XRP in enterprise payment systems. Webus’ Blockchain Goals While Weebus did not elaborate extensively on the operational details, the decision to allocate resources specifically for XRP highlights the digital asset’s utility in real-world payment applications. XRP is known for its use in cross-border transactions due to its speed and low transaction costs. A corporate reserve structured around this asset suggests plans for future implementation within Webus’s payment or settlement systems. The NASDAQ report revealed that the company will source its funding through available cash reserves, bank lending, shareholder guarantees, and third-party institutional-backed credit facilities from traditional banks. Weebus also plans to develop a feature-rich blockchain infrastructure and accelerate its global expansion. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP’s Growing Popularity XRP’s popularity has seen a notable resurgence recently. Connor McGregor, a renowned MMA fighter and multi-time UFC champion, recently showed interest in the digital asset , prompted by the decision of Donald Trump’s administration to add the asset to its strategic national crypto reserve. In early March, the president ordered the Presidential Working Group on Digital Asset Markets to move forward with the creation of a strategic cryptocurrency reserve , aiming to bolster national infrastructure and fulfill his goal of making the U.S. the crypto capital of the world. Webus’ reserve is part of the notable shift for cryptocurrencies from speculation to enterprise use, and XRP is leading this charge due to its well-documented institutional appeal . A New Market for XRP Webus has also renewed its partnership with Tongcheng Travel, reinforcing its domestic strength and supporting its premium ride service. This collaboration may also serve as a testing ground for upcoming XRP integration and blockchain and Web3 features in development, as it connects Weebus with Toncheng’s 240 million annual paying users. Webus hasn’t disclosed specifics on how it will use its XRP reserve, but its $300 million financing plan highlights growing institutional trust in the digital asset. By integrating XRP into its long-term strategy, Webus may influence other service-based firms to explore XRP for streamlining operations and improving financial efficiency. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post China-Based Travel Firm Announces $300 Million Strategic Financing Plan for XRP appeared first on Times Tabloid .
