China-based Webus wants to make global payments faster and cheaper. The company is building a $300 million XRP reserve using blockchain and AI to help travelers and drivers around the world.

💰 What Is Webus Doing?

  • Webus (Nasdaq: WETO) announced plans on May 29 to raise up to $300 million.

  • This money will build an XRP reserve to power fast, cheap global payments.

  • Webus offers chauffeur and travel services with help from AI and blockchain.

🏦 How Will They Get the Money?

Webus said the money may come from:

  • Cash the company already has

  • Bank loans

  • Shareholder guarantees

  • Credit from big financial institutions

They are using non-equity funding, meaning they will not sell company shares to get the funds.

🪙 Why Use XRP?

Webus believes XRP, a fast digital currency, can:

  • Remove payment delays for drivers and partners

  • Allow instant refunds to customers

  • Cut down fees and errors in cross-border payments

  • Increase transparency using blockchain

🚗 Webus Expands in China Too

Webus also renewed its partnership with Tongcheng Travel, a major Chinese travel platform.

  • This deal will grow the “Wetour × Tongcheng” charter network in China.

  • Tongcheng serves 240 million paying users each year.

  • Webus will gain more travel data and users in China.

CEO Nan Zheng said:

“XRP can help us settle payments instantly across borders. This will help both customers and service providers.”

🔮 Why This Matters

Webus wants to mix mobility + fintech + blockchain to create a global travel system without borders.

Even though crypto regulations are still changing, Webus is moving ahead by using blockchain tech to speed up payments and improve travel worldwide.

$XRP

#WebusXRP #BlockchainPayments #CrossBorderPayments #XRPReserve #WebusTravel


Source: bitcoin.com