Webus International Announces $300 Million XRP Reserve for Global Payments

Webus International Limited has unveiled a strategic plan to establish a $300 million XRP treasury reserve. This initiative aims to facilitate seamless global payments and borderless transactions, underscoring the growing adoption of cryptocurrency in financial infrastructure. The move comes as Webus emphasizes its commitment to efficient cross-border transactions, driven by collaborations like their renewed partnership with Tongcheng Travel Holdings Ltd. 88% spike in Webus International’s stock price followed the announcement reflects market confidence and potential gains for travelers. While XRP price remained stable amidst the news, the company expects this move to significantly reduce transaction costs and increase transparency. Experts suggest that this initiative could set a precedent for other companies seeking to leverage cryptocurrency for global payments. Earlier examples include VivoPower and Hyperscale Data, both employing XRP for innovative financial transactions.