Webus International, a Chinese company listed on Nasdaq and specializing in AI solutions, announced today that it plans to invest up to $300 million in XRP reserves. The company states that this strategy is primarily aimed at facilitating cross-border payments.
Additionally, Webus aims to use XRP to help expand other development ambitions related to its AI-based native blockchain. Depending on the success of the investment, the company may be able to integrate chain solutions in various fields.
A Chinese company is heavily betting on XRP
In recent months, many companies have made serious attempts to hold large amounts of cryptocurrency. Clearly, Bitcoin has been the favorite for a long time, but some companies have started experimenting with alternative coins like Solana.
Today, a Chinese company is once again innovating by considering an investment of up to $300 million in XRP reserves. Webus is not the only Chinese company thinking about a massive investment in cryptocurrencies this month, but its XRP reserve plan seems more deliberate. Two weeks ago, Addentax Group, a logistics company, considered investing $800 million in BTC and TRUMP.
This may have been an attempt to secure tariff relief, and Addentax barely mentioned its ambitions in the cryptocurrency field. On the other hand, Webus has outlined a long-term vision for its XRP reserve with clear details:
Nan Cheng, CEO of Webus, stated: "These strategic developments have the potential to create strong synergies between our domestic and international operations. Integrating the XRP blockchain would revolutionize how we handle cross-border payments for partners and travelers around the world."
In other words, Webus's AI solutions serve customers worldwide, and DeFi can help solve recurring issues. Chinese companies may face difficulties in processing cross-border banking transactions, but XRP could provide a solution.
Webus refers to the use of tokens for lending, shareholder guarantees, credit for third parties, and other key financial interactions. Additionally, a $300 million investment could help a specific AI company access other Web3 benefits.
In addition to improving cross-chain payment processes, integrating XRP will help develop the company's blockchain infrastructure.
Webus's press release mentions some specific goals such as on-chain registration, loyalty tokens, and customer wallets. Meanwhile, the company's stock price has risen by more than 60% in after-market trading since the announcement.
XRP is already one of the leading cryptocurrencies, but $300 million is a significant amount of money by any measure. If Webus helps integrate the token into the Chinese AI ecosystem, it could be very beneficial for XRP and the company.
Depending on the success of this booking strategy, Webus may be able to establish a new trend for the global integration of cryptocurrencies.