Chinese AI-powered mobility company Webus International Limited has revealed plans to establish a substantial $300 million reserve of XRP, a leading cryptocurrency known for its cross-border payment capabilities.
The company aims to leverage this reserve to power instant international transactions, a strategic enhancement to its growing chauffeur and ride-hailing services.
The move signals Webus’s commitment to integrating blockchain technology into its business model, improving both efficiency and global service scalability.
By building a cryptocurrency-based payment infrastructure, Webus seeks to reduce friction in financial settlements, especially for international customers and partners.
XRP Reserve Will Not Involve Equity Dilution, Focuses on Utility and Innovation
Importantly, Webus confirmed that the funding for the XRP reserve will not come from company equity, thus protecting existing shareholders from dilution.
Instead, the company plans to raise external capital dedicated exclusively to blockchain-related initiatives.
The funds will also support the development of new blockchain features, such as on-chain ride bookings and loyalty programs designed to reward returning customers.
These features aim to enhance user experience and operational transparency, offering customers more secure and verifiable service interactions through decentralized technologies.
Also Read: Ripple Highlights Potential Of Blockchain In Cross-Border Payments With XRP & RLUSD
Webus Eyes Global Expansion, Still in Exploratory Funding Stage
As part of a broader strategy, Webus is aligning this XRP integration with its global expansion plans.
By enabling faster, cheaper cross-border payments through XRP, Webus positions itself to enter new international markets with a competitive edge.
However, it is important to note that the $300 million funding plan is still in the exploratory phase, and the full amount has yet to be secured.
The preliminary announcement is intended to attract partners, investors, and potential collaborators who share the vision of integrating Web3 features into mobility services.
Also Read: StraitsX Launches XSGD On XRP Ledger To Enable Real-Time Cross-Border Payments In Singapore
XRP Market Reaction and Broader Ecosystem Activity
In the wake of this announcement, XRP has seen a modest 1% price increase in the past 24 hours, making it one of the few major cryptocurrencies currently in the green.
The positive movement comes amid other notable developments in the XRP ecosystem, including Hyperscale Data’s $10 million XRP acquisition, signaling increasing institutional interest.
While Webus’s plan is not finalized, the initiative reflects growing confidence in XRP’s role as a bridge asset for real-world applications.
Particularly, in industries like transportation that demand fast, scalable, and cost-effective payment solutions.
Also Read: Wellgistics Adopts XRP For Real-Time Payments And Grants $50M Credit Facility, $XRP Jumps 7%