🍋🍋🍋Webus has partnered with Samara Alpha to create an XRP reserve of up to $300 million!!!🍋🍋🍋
Webus wants to form a reserve in the cryptocurrency XRP amounting to up to $300 million.
To this end, the firm has partnered with Samara Alpha.
Webus, which provides services for tourists and is a provider of AI-based mobile solutions, has signed an agreement for delegated management of digital assets with Samara Alpha. This follows a statement from the firm submitted to the U.S. Securities and Exchange Commission.
It is known that Webus has delegated Samara Alpha to manage digital assets with a limit of up to $300 million. This concerns potential control of the XRP reserve, however, actual investments have not yet begun.
The statement also mentioned that the firm plans to raise funding of up to $300 million in the form of credit lines or other debt capital to support the initiative, according to the document.
Webus CEO Nan Zheng noted:
"This agreement creates a clear structure for future management of digital assets. We strive for innovative financial solutions while maintaining control and accountability."
In addition, Webus plans to integrate Ripple's payment infrastructure into its operations to optimize cross-border payments and enhance transparency in the hotel booking and travel segment.
Previously, the American pharmaceutical company Wellgistics Health announced a strategic implementation of the cryptocurrency XRP as a reserve asset for the treasury and a basis for instant payments in the healthcare sector.
