CHINESE COMPANY TO PURCHASE 300 MILLION DOLLARS IN XRP 💵
The Chinese company Webus International plans to raise up to 300 million dollars through non-dilutive financing to establish a strategic reserve of XRP. This reserve aims to integrate the cryptocurrency into its global payment network for drivers and customers, facilitating instant and low-cost settlements in cross-border transactions.
Market impact:
- The price of XRP would increase dramatically under this assumption.
Market trend:
- Webus International joins other companies that are incorporating cryptocurrencies into their financial strategies, such as VivoPower International, which announced plans to build a treasury of 121 million dollars in XRP.
