👉China’s Webus International eyes $300M raise for XRP strategic reserve 👈

Webus International, a Nasdaq-listed AI-powered mobility company, plans to raise up to $300 million through non-equity financing to create a strategic $XRP reserve. This reserve will support the company's cross-border payments infrastructure, aiming to provide seamless, borderless experiences for international travelers.

The $300 million financing will be allocated to three key initiatives:

(1) Establishing an XRP Reserve: Enable instant, low-cost cross-border settlements;

(2) Blockchain Infrastructure Development: Develop comprehensive blockchain infrastructure, including wallets and Web3 loyalty tokens; and

(3) Global Expansion Acceleration: Accelerate global expansion initiatives.

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