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$XRP Strategic Reserve #Webus International Files for $300M Treasury
China-based Webus International has submitted #SEC documentation outlining plans for a $300 million $XRP-focused corporate treasury.
The firm will fund the initiative through loans and credit facilities rather than issuing new shares.
Webus aims to integrate #Ripple's payment network for streamlined cross-border payments across its global chauffeur services.
The move follows VivoPower International's similar $121 million $XRP treasury announcement, signaling growing corporate adoption.
Company shares jumped 9% in early trading following the SEC filing disclosure.
The company intends to use the #XRPLedger to settle cross-border rides and driver payouts efficiently.
$XRP gained 2% in the past 24 hours alongside muted gains across the broader #cryptocurrency market.
