Webus’s XRP Move: A New Era in Cross-Border Payments 

Webus International announced plans to raise up to $300 million to build a Ripple reserve. This funding will come from non-equity sources such as bank loans, shareholder guarantees, and existing cash reserves. The company intends to integrate the XRP Ledger into its payment systems to achieve speed and cost advantages in international payments. 

CEO Nan Zheng stated that these strategic developments have the potential to create strong synergy between domestic and international operations. Zheng emphasized that XRP integration could revolutionize cross-border payments for partners and travelers worldwide. 

Current Status of XRP Market 

Despite Webus’s announcement, Ripple’s price did not show a significant increase. Over the last 24 hours, its price dropped by 2.71% to $2.13. Weekly performance also declined by approximately 9.00%. 

However, there is a notable rise in open interest in XRP futures markets. On the CME, open positions for Ripple futures have reached $223 million. 

Webus International’s investment plan demonstrates a commitment to adopting blockchain technology in global payment systems. Nevertheless, markets appear cautious, awaiting tangible developments. 

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