China-based international chauffeur service provider Webus International has announced its plan to raise $300 million through non-equity financing to support a new XRP strategic reserve. This major development is aimed at enhancing the company’s global payment infrastructure by leveraging XRP’s cross-border settlement capabilities.
XRP Integration in Global Operations
Webus stated that the XRP reserve would be a core component of its global chauffeur payment system. The reserve will be used to support on-chain booking records, driver payouts, and a Web3-based loyalty program for users across the world.
The initiative is designed to make international ride bookings faster, more transparent, and cheaper using the XRP Ledger.
Strategic Partnership with Tongcheng Travel Renewed
In a major expansion move, Webus has renewed its partnership with Tongcheng Travel Holdings, one of China’s leading online travel platforms. The extended partnership will focus on cross-border charter lines under the “Wetour x Tongcheng” brand.
Webus plans to use the XRP Ledger to settle international ride payments and process driver earnings seamlessly across borders.
The XRP-powered system will help minimize currency exchange fees and delays, making it a practical option for global operations.
Non-Equity Funding to Fuel Growth
Webus aims to raise up to $300 million without giving up company equity, allowing it to retain full control while funding the expansion of its crypto-integrated services.
The XRP reserve is expected to act as a liquidity buffer, facilitating instant payments for international travel and chauffeur services.
Growing Corporate Interest in XRP
Webus is not the only company building XRP reserves. This announcement comes shortly after VivoPower International, a Saudi-based firm, revealed its plan to establish a $121 million XRP treasury. The move highlights the increasing corporate confidence in XRP as a scalable, cost-efficient blockchain solution for real-world payment systems.
As XRP remains the fourth-largest cryptocurrency by market capitalization, its utility in corporate treasury and settlement operations is gaining traction worldwide.
Conclusion
The $300 million XRP reserve initiative by Webus marks a significant step in blockchain adoption for real-world services. With support from major partners like Tongcheng and a growing focus on Web3 loyalty and payment systems, Webus is positioning itself at the forefront of blockchain-powered transportation networks.
The funding and XRP integration could set a new industry standard for global chauffeur services.