Webus International, a Chinese AI mobility firm, is taking a groundbreaking step in payment handling by seeking a massive $300 million funding round. This investment will be used to establish an XRP-based reserve aimed at revolutionizing cross-border transactions. The innovative approach involves leveraging diverse financing sources like cash reserves, traditional bank lending, and institutional credit facilities. CEO Nan Zheng highlights the potential for this initiative to create significant synergies between domestic and international operations, particularly through partnerships with Tongcheng, enhancing China’s network infrastructure, and integrating XRP blockchain technology for global payment efficiency. This move has sparked interest from market observers as it could significantly impact global transactions, especially in travel services, setting a precedent within the mobility sector.