Chinese company Webus bets on XRP: Positive signal for the Crypto market

More and more public companies are integrating digital assets into their financial strategies, and recently, Webus International, the Chinese travel ticketing company listed on Nasdaq, announced plans to establish a treasury worth $300 million. This is a positive sign for the maturity and potential of the cryptocurrency market.

Webus has filed with the SEC, detailing plans to add #Ripple XRP tokens to their balance sheet. This move shows confidence in XRP and is part of a trend where businesses learn from the successes of other large companies in accumulating digital assets. In addition to building an XRP treasury, Webus also plans to integrate blockchain into its system to optimize cross-border payments and increase transparency in travel services.

The fact that companies like #Webus are investing heavily in digital assets indicates that they view crypto not just as a speculative asset but also as part of a long-term strategy. Many other companies are also mimicking this strategy with other tokens, such as VivoPower investing in XRP or Sharplink in Ethereum. This wave of interest comes amid a strong revival in the digital asset market. The increase in public companies participating in the crypto space is clear evidence of the sustainable growth potential of the cryptocurrency market.

The information in this article is for reference only and is not investment advice. source: #Decrypt