Unlock Global Payments: Webus International’s Bold $300M XRP Move

Webus international Plans $300 Million XRP Reserve for Cross-Border Payments

China’s Webus International aims to raise up to $300 million via non-equity financing. The goal? To build a strategic XRP reserve for its cross-border payment system. This move supports its vision of a seamless travel experience for global travelers.

Webus International, a Nasdaq-listed company, announced its financing strategy on May 29. The company seeks to enhance its AI-driven mobility services. The XRP reserve will streamline international payments, reducing transaction costs and delays.

CEO Nan Zheng explained that the XRP reserve is part of a broader plan.It includes a blockchain booking platform and a web3 loyalty token, and custom wallets.“Domestically, our Tongcheng Partnership provides unmatched reach across China’s mobility landscape. Internationally, our potential XRP implementation can eliminate conventional payment friction,” — nan Zheng, Webus International CEO The proposed XRP reserve will be paired with in-house wallets to enable real-time fare settlements and instant driver refunds. Executives stressed that the financing plan is non-binding until final documentation and due diligence are completed. No timeline was given for when XRP purchases may begin. Webus’s disclosure comes just one day after VivoPower international announced a $121 million private placement to fund an XRP treasury of its own. The energy firm will sell shares to digital asset investors and partners, including Saudi Royal Prince Abdulaziz bin Turki Al Saud, with plans to deploy the capital into XRP and XRP Ledger infrastructure. While Bitcoin (BTC) remains the dominant corporate treasury asset, XRP appears to be emerging as a specialized settlement layer for companies aiming to integrate blockchain with real-world services. Still, XRP has yet to reflect this growing institutional interest in price. XRP continues to struggle despite a surge in corporate treasury interest. As of press time, the token trades at $2.19, marking a 4% daily drop.The price remains below the 20-day Bollinger Band midline at $2.37, with upper and lower bands at $2.56 and $2.18, respectively. XRP is now testing the lower band, indicating weakness and potential downside volatility. XRP price analysis. Credit: crypto.news The relative strength index has dropped to 40.72, moving below the neutral 50 line, which indicates fading bullish momentum and the potential for continued consolidation or a further correction. Without a decisive breakout above $2.37,aiming to enhance its AI-driven mobility services. The XRP reserve is part of a broader plan that includes a blockchain booking platform and a web3 loyalty token.

CEO Nan Zheng highlighted the benefits of XRP.It can eliminate payment friction in international transactions.The XRP reserve will work with custom wallets for real-time fare settlements and instant refunds.

Webus International’s financing plan is non-binding until final documentation is complete. No timeline for XRP purchases has been set. This proclamation follows VivoPower International’s $121 million private placement for an XRP treasury.

While Bitcoin remains the top corporate treasury asset, XRP is gaining traction as a settlement layer. However, XRP’s price hasn’t reflected this interest. It currently trades at $2.19, showing a 4% daily drop. The price is below the 20-day Bollinger Band midline at $2.37.

key support levels to watch are $2.18 and $2.12. A deeper drop could test the $2.00 level.For a bullish reversal, XRP needs to break above $2.37 and $2.56.