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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.
The adoption of cryptocurrencies has significantly increased worldwide, especially in regions like Latin America and Asia. Some key data and trends regarding cryptocurrency adoption include:
- Global crypto activity reached levels higher than those of 2021 during the cryptocurrency bull market, driven by countries at all income levels. - The launch of the Bitcoin ETF in the United States triggered an increase in the total value of Bitcoin activity across all regions.
Leading countries in cryptocurrency adoption
- India ranks first in the 2024 Global Cryptocurrency Adoption Index. - Nigeria ranks second in the index. - Indonesia ranks third in the index. - The United States ranks fourth in the index.
Regions with high adoption
- Central and South Asia and Oceania dominate the 2024 Global Cryptocurrency Adoption Index, with seven of the top 20 countries located in the region. - Latin America has an adoption rate of 12.1% of the adult population, with 57.7 million people owning crypto assets.
Growth and potential
- The RWA token market could grow by 260% in 2025 as companies embrace cryptocurrency regulation. - Cryptocurrencies are transforming how individuals and businesses perceive, use, and interact with money in Latin America.
Apple and Google are exploring the use of stablecoins for payments, according to reports from Fortune. Stablecoins are cryptocurrencies linked to stable assets like the dollar or the euro, which reduces the volatility associated with other cryptocurrencies.
Details of the exploration
- Google Cloud: already accepts payments in PYUSD, PayPal's stablecoin, and has processed transactions for two clients without altering their billing systems. Rich Widmann, head of Web3 strategy at Google Cloud, highlights the transformative potential of stablecoins in global payments. - Apple: is in talks with companies in the crypto ecosystem, including Circle, issuer of the USDC stablecoin, to integrate stablecoins into its payment infrastructure and reduce costs associated with traditional payment processors. - Airbnb: is also exploring the use of stablecoins for international payments and has held discussions with Worldpay to evaluate their incorporation into its platform. - X (formerly Twitter): under the direction of Elon Musk, is developing X Money, a payment infrastructure that could include stablecoins, aiming to become a "super app" similar to WeChat.
The fight between Donald Trump and Elon Musk has generated a great uproar in the markets and politics. It all started when Musk criticized Trump's federal budget proposal, calling it a "repugnant abomination" due to the potential increase in the national deficit. Trump responded by threatening to withdraw federal contracts from Musk's companies, including SpaceX and Tesla.
Impact on cryptocurrencies
The dispute has directly affected cryptocurrencies, especially those linked to Musk, such as Dogecoin. The price of Bitcoin fell by 3.1% in the last 24 hours and stood at around $101,332. Other cryptocurrencies were also affected, with losses of up to 9.2% in some cases.
Effects on the market
The fight has generated uncertainty in the market, which could lead to greater volatility in cryptocurrency prices. Some analysts predict that Bitcoin could fall below $100,000 if tensions between Musk and Trump continue to escalate.
Possible consequences
The dispute could have significant consequences for the 2026 elections in the United States. Musk, who donated nearly $300 million to Trump's campaign, could use his financial and technological influence to interfere with electoral outcomes.
Affected companies
- Tesla: could lose government subsidies for electric vehicles. - SpaceX: could lose federal contracts worth more than $22 billion with governmental agencies such as NASA and the Pentagon. - Cryptocurrencies linked to Musk: such as Dogecoin, could continue to be affected by the dispute