Webus International, a China -based provider of customizable car and tour services for travelers around the world, said this plan this Raise the amount of $ 300 million By not equivalent to financing to establish an XRP XRP reserve that supports the global chauffeur payment network.
The reserve is part of a broader push to integrate XRP’s Cross-border settlement capabilities into the Webus ecosystem, along with on-chain book system and a Web3-based loyalty program, the company said.
The initiative aims to -streamline international payments while maintaining equity costs by relying on loans, credit lines and shareholder guarantee instead of issuing new shares, CEO Nan Zheng said in the statement.
The announcement complies with Vivopower International’s Saudi Arabia-based plans to build a $ 121 million XRP treasury, indicating growing interest from companies to the fourth largest token of the market cap.
The financing plan does not bind and is subject to the final agreement and appropriate diligence.
Webus added that it has changed a collaboration with Tongcheng Travel Holdings, one of China’s largest online travel online agencies, to expand their “Wetour X Tongcheng” charter lines-who say they aim to use the XRP ledger to enhance cross-border rides and driver’s payouts.
