Fact-Check: China’s XRP Purchase Misinformation

A claim circulating online suggests China is planning to invest $300 million in XRP to build a crypto reserve and challenge the U.S. However, this information is misleading and inaccurate. The rumors stem from Webus International Limited, a Chinese company that recently announced plans to raise $300 million in XRP through loans and credit for international business expansion. This funding will support their luxury chauffeur services and integrate XRP for global payment solutions.