- Webus plans major XRP reserve for global payments.
- WETO stock saw an 88% increase.
- XRP adoption trend grows among corporations.
Webus International Limited announced plans on May 30, 2025, to establish a $300 million XRP reserve for its global payment settlements, highlighting major corporate treasury strategy shifts.
Webus’s XRP reserve initiative marks a significant shift, potentially streamlining cross-border payments and boosting their mobility operations.
Details of the Strategic Initiative
Webus International, guided by CEO Nan Zheng, intends to establish a $300 million XRP reserve. This strategic move aims to enable real-time cross-border settlements, enhancing payment efficiency through non-equity financing methods involving institutional credit lines and internal reserves.
The announcement led to an immediate market reaction, with Webus’s stock price increasing significantly. However, XRP prices remained stable, reflecting market hesitation towards immediate changes despite increased corporate adoption in the sector.
Immediate impacts are evident as Webus partners with Tongcheng Travel Holdings Ltd., fortifying their domestic operations while leveraging XRP for international expansion. Cross-border payment infrastructure is now a centerpiece for their travel and mobility services.
Financial and Operational Benefits
Financially, the treasury strategy promises lower operational costs, enhanced transaction transparency, and the potential for faster settlements, positioning Webus at the forefront of the AI-driven mobility sector.
Nan Zheng, CEO of Webus International Limited, emphasized:
“These strategic developments have the potential to create a powerful synergy between our domestic and international operations. Our partnership with Tongcheng strengthens our China network infrastructure, while the integration of an XRP blockchain integration has the potential to revolutionize how we handle cross-border payments for both partners and travelers worldwide.”
Industry Trends
The announcement aligns with a broader industry trend as companies increasingly turn to cryptocurrency reserves.
While the long-term regulatory and technological outcomes of this strategy remain under observation, historical trends indicate that XRP’s adoption by corporate treasuries focuses on minimizing currency conversion issues and enabling more efficient cross-border finance. This trend hints at potential shifts in traditional financial systems over time.
About the author
USTR Extends China Tariff Exemptions Until August 2025
The USTR announced the extension of certain China tariff exemptions through August 2025, impacting U.S.-China trade policies.
Binance Adjusts Collateral Ratios and Leverage Tiers
Binance updates collateral ratios and leverage tiers for U-margin perpetual contracts, effective June 6, 2025.
LOUD Tokens Go Live; IAO Claims Start Soon
LOUD tokens launch on Solana with IAO claims opening shortly, signaling new engagement model.
UNI Whale Opens $2.46 Million Position Amid Market Volatility
A crypto whale has taken a $2.46 million position in UNI amid Uniswap v4 upgrades, resulting in a floating loss shortly after.
El Salvador Expands Bitcoin Holdings Despite IMF Concerns
El Salvador adds 8 BTC to its reserves amid IMF pressure, reaching a total of 6,194.18 BTC.
ORDI Increases 5% While CRO Drops Over 4%
Analysis of ORDI and CRO price fluctuations amid volatile cryptocurrency market trends.
Related
USTR Extends China Tariff Exemptions Until August 2025
The USTR announced the extension of certain China tariff exemptions through August 2025, impacting U.S.-China trade policies.
Binance Adjusts Collateral Ratios and Leverage Tiers
Binance updates collateral ratios and leverage tiers for U-margin perpetual contracts, effective June 6, 2025.
LOUD Tokens Go Live; IAO Claims Start Soon
LOUD tokens launch on Solana with IAO claims opening shortly, signaling new engagement model.
UNI Whale Opens $2.46 Million Position Amid Market Volatility
A crypto whale has taken a $2.46 million position in UNI amid Uniswap v4 upgrades, resulting in a floating loss shortly after.
El Salvador Expands Bitcoin Holdings Despite IMF Concerns
El Salvador adds 8 BTC to its reserves amid IMF pressure, reaching a total of 6,194.18 BTC.
ORDI Increases 5% While CRO Drops Over 4%
Analysis of ORDI and CRO price fluctuations amid volatile cryptocurrency market trends.
Be the first to leave a comment