Chinese Logistics Company Prepares US$300 Million in XRP Reserves
Webus International Limited, a leading logistics company from China, announced a strategic partnership with Samara Alpha Management to integrate the digital asset XRP as a primary payment instrument.
Through this partnership, Samara Alpha will act as Webus' exclusive digital asset manager, managing US$300 million in funds to purchase and store XRP as part of the company's strategic financial reserves.
This move reflects a global trend among large companies that are starting to adopt crypto assets as part of their financial strategy diversification and efficiency.
Not only used as a payment system, XRP will also be utilized by Webus for cross-border transactions to increase efficiency and reduce high transaction costs.
This XRP integration is also projected to strengthen Webus' position in the mobility and hospitality sectors, while providing a faster, more transparent, and more efficient booking system.