This move aims to bolster the company’s global payment infrastructure by harnessing the capabilities of the XRP Ledger for instant, low-cost cross-border transactions. The initiative, unveiled on May 29, 2025, reflects the growing institutional interest in XRP as a practical alternative to traditional currencies and reserve assets.

Webus Backs XRP with Ambitious $300M Treasury Reserve

Webus International (NASDAQ: WETO), a China-based provider of premium chauffeur services, has unveiled plans to raise up to $300 million through non-equity financing to create an XRP treasury reserve. The initiative aims to streamline cross-border payments and accelerate the company’s blockchain integration efforts.

Webus International plans to raise $300 million to establish an XRP reserve and integrate the XRP Ledger into its global payment infrastructure. Source: Coin Bureau via X

“Our potential XRP implementation can eliminate traditional payment friction, allowing instant settlement with chauffeurs and service providers worldwide while providing immediate refunds when needed,” stated Webus CEO Nan Zheng. He emphasized that the strategy aligns with the company’s vision of creating a borderless travel experience.

The proposed financing will be structured using available cash reserves, bank loans, shareholder guarantees, and third-party institutional-backed credit lines, allowing Webus to avoid shareholder dilution while tapping into XRP’s low-cost, fast-settlement infrastructure.

Key Objectives: Blockchain Infrastructure and Global Expansion

Webus’s XRP-based strategy is set to fund three core initiatives:

Creation of a strategic XRP reserve for instant cross-border transactions.
Development of blockchain infrastructure, including in-house crypto wallets, Web3 loyalty tokens, and on-chain booking records.
Global expansion, leveraging XRP’s fast transaction capabilities to simplify international financial interactions.

This marks a significant move in the Ripple XRP news ecosystem, as it demonstrates growing institutional confidence in XRP beyond retail trading.

“Our technology roadmap now delivers end-to-end innovation,” added Zheng. “Domestically, our Tongcheng partnership provides unmatched reach. Internationally, XRP gives us a tool to eliminate delays, fees, and conversion issues in global payments.”

Strategic Partnership with Tongcheng Travel

Alongside the treasury news, Webus also renewed its long-standing partnership with Tongcheng Travel Holdings (HKSE: 0780.HK), one of China’s largest online travel agencies. The collaboration will enhance Webus’s reach across China through the “Wetour × Tongcheng” branded inter-city charter network, linking Webus’s luxury vehicle fleet with Tongcheng’s 240 million annual paying users.

Webus plans $300M XRP reserve to boost blockchain infrastructure and global expansion, renewing its Tongcheng Travel partnership. Wu Blockchain via X

This domestic strength is expected to complement Webus’s global ambitions, as XRP integration enables faster payouts and improved transparency for international drivers and service partners.

Ripple Market Impact: XRP Price Remains Flat Despite Institutional Momentum

Despite the magnitude of the Webus announcement, the XRP price experienced only a slight 0.5% decline on Thursday, continuing a broader weekly downturn of over 6%. Investors appear to be adopting a wait-and-see approach as the financing remains non-binding and subject to due diligence and final documentation.

XRP was trading at around $2.20, down 4.16% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Still, the move contributes to a growing institutional trend of treating XRP as a strategic reserve asset. Webus’s disclosure comes just 24 hours after VivoPower International revealed it had raised $121 million to establish its own XRP reserve—another rare public endorsement of Ripple’s ecosystem.

XRP and the Broader Institutional Landscape

While Bitcoin and Ethereum have long dominated corporate balance sheets, XRP’s entrance into the institutional reserve asset space marks a notable shift. Its appeal lies in its scalability, minimal transaction fees, and alignment with Ripple’s ongoing push for financial utility in cross-border payments.

The IIF recognizes Ripple and XRP as alternatives for cross-border payments. Source: Amonyx via X

The latest Ripple XRP news reinforces the digital currency’s appeal amid ongoing regulatory headwinds in the United States. XRP lawsuit news continues to weigh on market sentiment, with traders closely watching the Ripple SEC lawsuit saga’s developments.

However, optimism regarding the adoption of Ripple currency prices is growing, especially as more businesses recognize XRP’s potential to usher in financial workflows into the modern era.

XRP Lawsuit Update and Market Outlook

As XRP draws more institutional interest, XRP SEC lawsuits are a major unknown. Any development in the Ripple lawsuit would have a strong impact on the token’s short- and long-term valuation. In the meantime, a number of U.S. companies are pending SEC rulings on spot XRP ETF proposals, another source of potential catalyst for Ripple market traction.

A U.S. court has reinstated Trump-era tariffs, reigniting trade tensions and raising short-term volatility risks for markets, including crypto assets like XRP. Source: Tehseen Ahmed via X

Analysts have opined that continued adoption, coupled with a favorable XRP lawsuit update, can push the price of XRP up. Volatility will, however, continue, they say, until regulatory clarity is achieved.

Final Thoughts

Webus’s $300 million XRP reserve proposal underscores a milestone in corporate crypto adoption. Looking ahead to seamless, borderless payments through Ripple’s infrastructure, Webus is staking its position in the future of digital finance. While the XRP price remains muted currently, growing institutional involvement, coupled with progress in the Ripple SEC litigation—can quite possibly reshape XRP’s role in global payments and treasury strategy.

Keep it locked for more Ripple news and XRP lawsuit updates as this unfolding story continues to reshape the future of cross-border crypto finance.

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Filed under: Bitcoin - @ May 30, 2025 12:25 pm