Chinese AI Company Considering $300 Million XRP Bet

Chinese Mobility Firm Webus Unveils $300M Initiative to Integrate XRP

Webus International Limited, a Chinese AI-powered mobility company, has announced a groundbreaking $300 million funding initiative that will be dedicated to integrating the popular altcoin, XRP, into its platform.

The significant investment will be used to establish a substantial reserve of XRP, with the aim of enabling instant international payments that could streamline the company's chauffeur services. Notably, this reserve will not be funded through the company's equity, ensuring that existing shareholders are not diluted.

In addition to the XRP integration, the funds will also be partially utilized for the development of various blockchain-based features, such as on-chain bookings and loyalty programs, further enhancing the company's technological capabilities.

Webus International is currently focused on its global expansion, positioning itself as a key player in the AI-powered mobility sector. While the funding initiative is still in the exploratory phase and awaiting finalization, the move underscores the company's commitment to embracing innovative technologies and delivering seamless solutions to its customers.

Interestingly, despite the broader market conditions, XRP has seen a 1% rise in value over the past 24 hours, making it one of the few major cryptocurrencies currently in the green.

• Webus International announces $300 million funding initiative for XRP integration
• The funds will be used to establish an XRP reserve for instant international payments
• Blockchain-based features, such as on-chain bookings and loyalty programs, will also be developed
• Webus is focused on global expansion and embracing innovative technologies
• XRP is one of the few major cryptocurrencies currently showing positive price movement