Webus International, a China-based provider of customizable car and tournament services to travelers around the world, said it plans to raise as much as $ 300 million through the financing of non-equity to establish an XRP XRP reserve that supports its global driver payment network.
The reserve is part of a wider push to integrate XRP’s cross-border settlement features into the Webus ecosystem, including booking records on chain and a web3-based loyalty program, the company says.
The initiative aims to streamline international payments while retaining equity value by relying on loans, credit lines and shareholder guarantees rather than issuing new shares, CEO Nan Zheng said in the statement.
The message follows Saudi Arabia-based Vivopower International’s plans to build an XRP Treasury of $ 121 million, indicating growing interest from companies in the fourth largest token after market capital.
The financing plan is non-binding and subject to final agreements and due diligence.
Webus added that it renewed a partnership with Tongcheng Travel Holdings, one of China’s largest online travel agencies, to expand their “Wetour X Tongcheng” charter lines-indicating that they would aim to use the XRP headbox to run cross-border rides and driver payments.
