Ah, the tale of XRP! Once a mere whisper in the corridors of finance, it has now become the darling of corporate treasuries. Companies are scrambling to add this digital gem to their balance sheets like kids in a candy store. The latest to join this merry bandwagon is Webus International, a Chinese AI company, which has just unveiled a jaw-dropping $300 million plan to build an XRP reserve. This reserve is not just for show; it aims to boost global payment settlements, all funded through non-dilutive sources like bank loans, institutional credit, and internal reserves. Yes, you heard it right—no new shares will be issued! 🎉
WETO Stock Soars Like a Rocket! 🚀
In a delightful twist, WETO stock reacted to this news like a kid on Christmas morning, surging a whopping 88% in a single day! It peaked near $4, before settling down to a more modest $3.3. Meanwhile, XRP price held steady, trading at $2.19, down a mere 4% in the last 24 hours. Talk about resilience! 💪
The XRP reserve promises to enable real-time cross-border transactions, lower costs, and push for transparency. It’s also set to support instant driver payouts and faster traveler refunds using crypto. But hold your horses; the deal is still in the works! 🐴
Blockchain and Mobility: A Match Made in Heaven! 🌐
Webus is not stopping there; they plan to build their own blockchain system to support users and partner operations. This will include on-chain booking records, crypto wallets, and a Web3 loyalty program linked to its travel services, all designed to boost user engagement and data security. Because who doesn’t want their data secured while booking a trip? 😅
By marrying mobility with blockchain, Webus aims to speed up payments, reduce banking delays, and tackle those pesky currency exchange issues. This comes as Webus renewed its partnership with Tongcheng Travel, one of China’s top travel platforms. A match made in travel heaven! ✈️
“These strategic developments have the potential to create a powerful synergy between our domestic and international operations,” said Nan Zheng, Chief Executive Officer of Webus. “Our partnership with Tongcheng strengthens our China network infrastructure, while the integration of an XRP blockchain integration has the potential to revolutionize how we handle cross-border payments for both partners and travelers worldwide.”
VivoPower Joins the XRP Party! 🎉
But wait, there’s more! Webus isn’t the only one turning to XRP. Recently, VivoPower, a Nasdaq-listed firm, launched the first XRP-focused treasury strategy. They raised a staggering $121 million in funding, led by none other than Prince Abdulaziz bin Turki Al Saud, who helped raise the funds through a private share sale. Talk about royal backing! 👑
The company plans to use the funds to buy more XRP, invest in the XRPL DeFi ecosystem, and pay down debt. Because who doesn’t love a good financial strategy? 💸
Other companies jumping on the XRP trend include Hyperscale Data, which plans to buy $10 million in XRP to expand its blockchain services, and Wellgistics Health, which secured $50 million to use XRP for faster, cheaper payments. It’s a digital gold rush, folks! 🏃♂️💨
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2025-05-30 10:38