- Webus International is partnering with Ripple Strategy Holdings for a $100 million funding deal.
- This funding will help Webus buy more XRP and expand its blockchain-based payment and loyalty programs worldwide.
Webus International Limited has secured a $100 million funding agreement with Ripple Strategy Holdings. This money will help Webus grow its XRP holdings and expand its services around the world.
The agreement allows Webus to take out funds in smaller amounts, from $250,000 to $3 million at a time, over the next two years. This flexible plan is designed to help the company grow its blockchain-based payment and loyalty programs while being careful not to reduce the value of shares for its current owners.
Powering Up with XRP
According to Webus CEO Nan Zheng, this partnership is a big step for the company’s growth in North America and Asia-Pacific. He highlighted that the funding gives them the freedom to get money when they need it, which also helps protect current shareholders. “This $100 million facility reflects strong confidence in our long-term XRP strategy.
It provides us flexibility to raise capital strategically, only when needed, while minimising shareholder dilution. We believe this will help us accelerate growth across North America and Asia-Pacific, and strengthen our leadership in crypto-powered premium mobility,” said Zheng.
The new funds are specifically set aside to improve Webus’s operations involving XRP. This means they can add crypto payments and blockchain-based loyalty programs to their services. By using XRP, Webus aims to make payments smoother and encourage customer engagement through new blockchain solutions.
The agreement still needs a few approvals, including from the SEC (U.S. Securities and Exchange Commission) and Webus’s main financial advisor. Once these are cleared, Webus will start taking out funds as needed to support its plans to integrate blockchain technology.
This collaboration with Ripple Strategy Holdings marks a key change for Webus, as it moves to embed blockchain technology into traditional travel services. By using XRP for its financial operations and payments, Webus is positioning itself as a leader in adopting crypto within the transportation industry. This move will not only make operations more efficient but also open new ways for customer loyalty through blockchain rewards.
Experts in the industry see this kind of partnership as a growing trend where digital assets are becoming a part of regular business. This shows that more big companies trust cryptocurrencies like XRP. Webus’s approach shows how companies can use funding to support new blockchain ideas while managing their money wisely.
This $100 million agreement is a major step for Webus in its journey to bring XRP-powered solutions to its global business. The flexible way the funding is set up provides a strong base for steady growth, allowing Webus to expand its blockchain payment and loyalty systems across many regions.
This partnership not only confirms Webus’s commitment to new ideas but also signals a wider shift in the industry towards using cryptocurrency in everyday business.