Webus International Limited (NASDAQ: WEBUS), a China-based AI-powered mobility solutions provider, is making a bold move into blockchain. The company announced it is raising up to $300 million in non-equity financing to create a strategic $XRP reserve, integrating Ripple’s blockchain into its global chauffeur and inter-city transport services.
---
🔗 Why XRP?
Webus aims to tap into $XRP fast, low-cost cross-border settlement capabilities to power transactions across its expanding global transportation network. With this integration, the company seeks to:
Enable instant cross-border payments for rides and services
Launch Web3-based loyalty tokens and on-chain booking records
Build an $XRP wallet infrastructure tailored for riders and drivers
This blockchain-based infrastructure will become the backbone of Webus’s next-gen mobility ecosystem.
---
💰 Financing Breakdown
To fund this initiative without diluting shareholder value, Webus plans to utilize:
Cash reserves
Bank loans
Shareholder guarantees
Third-party institutional credit facilities
This approach keeps equity untouched while injecting liquidity into its blockchain ambitions.
---
🤝 Partnership with Tongcheng Travel Renewed
As part of its broader growth strategy, Webus renewed its nationwide strategic alliance with Tongcheng Travel Holdings Ltd., one of China’s largest online travel platforms. Their “Wetour × Tongcheng” joint services already operate across China, and the extended partnership is expected to unlock deeper data synergies and broader inter-city service coverage for over 240 million users annually.
---
🚀 Global Expansion Ahead
The move comes as Webus seeks to expand internationally, leveraging blockchain to offer more efficient, secure, and borderless mobility experiences. With a clear roadmap to integrate $XRP at the core of its operations, Webus positions itself as a pioneer in decentralized mobility finance (DeMoFi).
---
⚠️ A Word of Caution
While the initiative is ambitious, the financing plan is still non-binding and subject to final documentation and conditions. Investors and blockchain watchers should keep a close eye as developments unfold.
---
📍TL;DR
Webus to raise up to $300M to build XRP-based infrastructure
XRP to power cross-border payments and Web3 loyalty systems
Strategic partnership with Tongcheng Travel extended
Global expansion in the works using blockchain mobility tech
🔔 Follow Binance Square for the latest updates in crypto, mobility, and DeFi innovation.
#XRP #Webus #BlockchainMobility #Ripple #CryptoNews #Web3 #XRP #Webus #BlockchainMobility #Ripple #CryptoNews #Web3 #BinanceSquare
