The post XRP News Today: XRP Holds Ground as Webus Unveils $300M Strategic Reserve Plan to Boost Borderless Payments appeared on BitcoinEthereumNews.com.

In a notable development for Ripple XRP news, Nasdaq-listed Webus International has announced a strategic plan to raise up to $300 million in non-equity financing to establish a treasury reserve in XRP. 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…

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Filed under: News - @ May 30, 2025 1:24 pm