Chinese tech and transportation firm Webus International has signed an agreement with Ripple Strategy Holdings, securing a conditional equity line of up to $100 million to support XRP integration.
New Funding Agreements by Webus
Webus International has secured funding to implement its XRP treasury strategy. Under the agreement, the company can draw down funds over a 24-month period in tranches of $250,000 to $3 million, depending on market conditions and regulatory approvals. CEO Nan Zheng stated that the partnership reflects long-term confidence in the company's targeted initiatives.
Investments in Payments and Loyalty Programs
The capital from this equity line will be directed towards implementing XRP-powered crypto payments in Webus's premium chauffeur services, as well as developing a blockchain-based loyalty platform for customer retention. Funds will also be utilized for expansion into North American and Asia-Pacific markets, where the adoption of digital assets is gaining momentum.
Strategic Benefits and Market Impact
The structure of the agreement provides funding flexibility for Webus while protecting against unnecessary dilution. It also strengthens the company's alignment with Ripple's ecosystem, leveraging XRP's fast and low-cost settlement solutions. The market responded positively to the news, with Webus shares seeing an increase in trading volume.
Webus's partnership with Ripple highlights the increasing role of digital assets in corporate finance management and positions the company as a leader in integrating blockchain solutions into real-world businesses.
