Webus International Limited Launches $300 Million XRP Treasury Initiative for Travel Payments

- Webus International invests $300M in XRP for payment infrastructure.
- No equity dilution for shareholders reported.
- WETO stock surged 88% following the announcement.
The new strategy positions XRP as a key asset in supporting real-time travel mobility payments, underscoring its utility beyond typical usage.
Webus International, led by CEO Nan Zheng, has initiated a $300 million investment in XRP. Zheng’s vision involves using XRP to streamline cross-currency payments for travel, emphasizing its role in building blockchain-based infrastructure. This initiative is significant for Webus’s future in enhancing international payment solutions. The project is funded through a mix of bank loans and institutional credit, avoiding any equity dilution, thereby preserving value for existing shareholders.
The announcement spurred an 88% surge in Webus’s stock price, highlighting strong market confidence. XRP’s role as a treasury asset aligns it with major cryptocurrencies like Bitcoin in treasuries, further strengthening its market position. This could boost transaction volumes and liquidity through Webus’s payment systems. Raises in XRP’s prominence are already seen as a competitive edge against other stablecoins in the payments sector.
“Our vision is to use XRP to streamline international, cross-currency payments and build a robust blockchain-based travel infrastructure.” — Nan Zheng, CEO, Webus International Limited
The unique focus on using XRP within the travel and mobility industries allows for diversifying its application beyond financial hold strategies like those observed with Bitcoin.
This move by Webus signals a major corporate adoption of blockchain for operational efficiencies in payments. It echoes past treasury strategies involving BTC but shifts focus to live operational settlement, marking an innovative use of XRP in a real-world context. The financial structuring emphasizes regulatory compliance. The combination of bank loans and institutional credit channels illustrates an approach mindful of existing regulations, ensuring stability in execution. The absence of regulatory concerns or negative shifts in BTC and ETH suggests a specific impact oriented towards XRP’s competitive advantage.
The strategic decision by Webus further defines XRP’s role in corporate finance, especially within payment systems for travel.