**This Chinese Logistics Company Builds
XRP Reserves Worth US$300 Million**
Webus International Limited, a Chinese logistics company, announces a partnership with Samara Alpha Management to submit a Form 6-K to the Securities and Exchange Commission (SEC) to integrate the digital asset XRP as a strategic payment instrument.
Samara Alpha will act as the exclusive digital asset manager for Webus in managing US$300 million to purchase and store XRP as a strategic financial reserve.
This move follows a growing trend among companies recognizing the potential of holding crypto assets as part of their financial strategy.
In addition to being a payment system, Webus will use XRP for cross-border transactions, aiming to increase efficiency and reduce high transaction costs.
Furthermore, this integration will not only strengthen Webus's position in the mobility and hospitality industry but will also enhance transparency and speed in booking.