XRPReserve

China-based Webus wants to make global payments faster and cheaper. The company is building a $300 million XRP reserve using blockchain and AI to help travelers and drivers around the world.
💰 What Is Webus Doing?
Webus (Nasdaq: WETO) announced plans on May 29 to raise up to $300 million.This money will build an XRP reserve to power fast, cheap global payments.Webus offers chauffeur and travel services with help from AI and blockchain.
🏦 How Will They Get the Money?
Webus said the money may come from:
Cash the company already hasBank loansShareholder guaranteesCredit from big financial institutions
They are using non-equity funding, meaning they will not sell company shares to get the funds.
🪙 Why Use XRP?
Webus believes XRP, a fast digital currency, can:
Remove payment delays for drivers and partnersAllow instant refunds to customersCut down fees and errors in cross-border paymentsIncrease transparency using blockchain
🚗 Webus Expands in China Too
Webus also renewed its partnership with Tongcheng Travel, a major Chinese travel platform.
This deal will grow the “Wetour × Tongcheng” charter network in China.Tongcheng serves 240 million paying users each year.Webus will gain more travel data and users in China.
CEO Nan Zheng said:
“XRP can help us settle payments instantly across borders. This will help both customers and service providers.”
🔮 Why This Matters
Webus wants to mix mobility + fintech + blockchain to create a global travel system without borders.
Even though crypto regulations are still changing, Webus is moving ahead by using blockchain tech to speed up payments and improve travel worldwide.
$XRP
#WebusXRP #BlockchainPayments #CrossBorderPayments #XRPReserve #WebusTravel

Source: bitcoin.com