June 04, 2025
By Our Correspondent
To establish an XRP reserve, Webus International Limited intends to raise $300 million.
This XRP reserve is a component of Webus’ overarching goal to establish a smooth, international travel experience wherever you are.
To finance the $300 million, Webus is looking at a variety of non-equity funding solutions rather than selling shares or ceding ownership of the business. This entails making use of its money, bank loans, shareholder guarantees, and institutional credit partners’ assistance. In this way, the value provided to the company’s current owners is not diminished by its growth.
The objective is to create a strategic XRP reserve that will support three main objectives:
Make cross-border payments quick and inexpensive with XRP technology. Create blockchain features like as loyalty tokens, cryptocurrency wallets, and on-chain reservation platforms.
Increase expansion globally by rolling out Webus in more parts of the world faster than before.
Expand internationally by implementing Webus in more regions of the world more quickly than previously.
Webus and Tongcheng Travel, one of the largest online travel agencies in China, extended their long-standing collaboration. They collaborate on branded domestic charter tours, and Tongcheng links Webus with its enormous user base (more than 240 million) each year.
Webus will become more well-known in the Korean market as a result of our collaboration. Additionally, XRP reserves will put the platform in a position to take advantage of possibilities elsewhere.
“Domestically, our Tongcheng partnership gives us unmatched mobility coverage in China,” said Webus CEO Nan Zheng, in a perfect summary. We could settle with drivers and partners instantaneously, eliminate payment friction, and even provide travelers with instant refunds with the use of XRP. Webus basically wants to transform transport around the world, not simply sell automobiles.
Webus is putting itself at the forefront of blockchain-driven innovation with its bold proposal to create a $300 million XRP reserve. Webus is using technology to improve the way payment and travel systems function, not just working with cryptocurrency. Everyone can see that Webus is working hard because of its relationship in China and its ambition to grow internationally.
