XRP Holdings on the Rise: Chinese Company Plans $300 Million Treasury

China-based Webus International (WETO) has announced plans to establish a substantial XRP treasury, potentially investing up to $300 million in the cryptocurrency. This move comes as part of the company’s strategy to utilize Ripple’s payment network for streamlining international transactions and enhancing transparency within its travel and hospitality services. 24-hour data shows that as of press time, XRP is trading at $2.21, down approximately 1.6%, but up significantly from a year ago (320.5%). WETO partnered with investment firm Samara Alpha Management to facilitate this initiative.