This week, XRP received a significant boost after Webus International Limited confirmed its plan to invest up to $300 million in the digital asset.
Webus's Plan to Acquire XRP
Webus is preparing to acquire XRP as part of a broader plan for international expansion and payment system upgrades. According to Whale Insider, the company aims to raise $300 million through bank loans and credit lines.
New Technologies and Partnerships
Webus CEO Nan Zheng explained that this move would alleviate difficulties typically associated with cross-border transactions. The company plans to introduce digital wallets and a blockchain-based booking system while renewing its collaboration with Tongcheng Travel Holdings.
Growing Corporate Interest in XRP
Recently, Nasdaq-listed VivoPower also announced an XRP-based treasury strategy, raising $121 million through private placement. This increasing corporate interest in XRP underscores its significance in financing and innovative technology.
Webus International's investment significantly strengthens XRP's position in financial markets. As blockchain technologies integrate further, XRP is becoming a crucial component of financial platforms.
