Chinese Mobility Giant Plans $300M XRP Treasury for Global Payments
Chinese AI-powered mobility company Webus International Limited has announced a bold $300 million plan to establish an XRP reserve aimed at streamlining global chauffeur payments. Despite the significant investment, the cryptocurrency market's reaction has been muted, with XRP's price showing minimal movement.
Key Highlights:
- Webus aims to raise $300 million for an XRP treasury to facilitate borderless payments.
- The initiative follows VivoPower International's similar $121M XRP treasury announcement.
- XRP price remained stable (+0.5%) despite the news.
- Partnership renewed with Tongcheng Travel Holdings Ltd. for China operations.
The $300M XRP Treasury Strategy
Webus revealed its ambitious plan through a May 29 announcement, detailing a non-equity financing approach involving:
- Bank loans
- Shareholder guarantees
- Institutional credit lines
- Company reserves
CEO Nan Zheng emphasized the strategic synergy: "Our partnership with Tongcheng strengthens our China infrastructure, while XRP integration could revolutionize cross-border payments for partners and travelers worldwide."
👉 Discover how XRP is transforming global payments
Why XRP? The Speed and Cost Advantage
Webus selected XRP for its:
- Low-fee settlement layer
- Rapid transaction times (3-5 seconds)
- Seamless Ledger integration
- Elimination of FX friction
Zheng explained: "XRP implementation can eliminate traditional payment friction, enabling instant settlement with chauffeurs worldwide while providing immediate refunds when needed."
Three-Pronged Strategy:
- Building the reserve: $300M XRP treasury
- Blockchain development: Wallets, Web3 loyalty tokens, on-chain records
- Global expansion: Accelerating mobility platform growth
Market Reaction: A Collective Yawn
Despite the headline-grabbing announcement:
- XRP price dipped just 0.5%
- Broader crypto market remained indifferent
- No immediate purchases made (plan remains non-binding)
Industry analysts note this muted response reflects:
- Ongoing SEC regulatory uncertainty
- Contingent nature of the financing
- Lack of immediate treasury implementation
👉 Explore XRP's institutional adoption trends
Corporate XRP Treasuries: An Emerging Trend?
While Bitcoin dominates corporate treasuries, Webus' move signals growing institutional interest in XRP's utility-driven value proposition:
| Company | XRP Treasury | Announcement Date |
|---|---|---|
| Webus | $300M | May 2025 |
| VivoPower | $121M | Earlier 2025 |
Key institutional validations for XRP:
- CME futures listing
- First ETF by Volatility Shares
- Multiple pending spot ETF applications
FAQ: Webus' XRP Strategy
Q: When will Webus purchase the XRP?
A: No timeline disclosed; plan contingent on financing completion.
Q: How will this affect XRP's price?
A: Minimal immediate impact, but could signal growing institutional adoption.
Q: What makes XRP suitable for payments?
A: Fast settlements (3-5 sec), low fees (<$0.01), and built for cross-border transactions.
Q: Are other companies creating XRP treasuries?
A: Yes, VivoPower announced a $121M treasury earlier this year.
The Road Ahead for XRP Adoption
Webus' move represents a potential inflection point for XRP adoption beyond crypto-native firms. As an AI mobility company integrating blockchain for real-world payments, its success could encourage similar adoption by:
- Travel companies
- Logistics providers
- Other mobility platforms
While immediate price action may disappoint some investors, the long-term implications for XRP's utility and institutional validation could prove more significant than short-term market reactions.
The coming months will reveal whether Webus' bet pays off—and whether $300M in XRP can truly grease the wheels of global mobility payments.