Webus, a Chinese AI-driven mobility company, wants to make chauffeur payments
frictionless with a $300M XRP reserve. Markets? Unimpressed — for now.
Chinese AI-powered mobility giant Webus International Limited just
lobbed a bold pitch into the crypto world: it’s aiming to
raise up to $300 million to build a dedicated XRP reserve to support its
expanding borderless payments ambitions. At the same time, the company is
also renewing its partnership with Tongcheng Travel Holdings Ltd., a leading
Chinese tourism firm.
JUST IN: Webus International Limited to buy up to $300 Million worth of $XRP to establish strategic reserve, develop infrastructure and accelerate global expansion initiatives. pic.twitter.com/WmHOw931GR
— Whale Insider (@WhaleInsider) May 29, 2025
In a May 29 announcement,
Webus revealed it will pursue a non-equity financing route to fund the war
chest — think bank loans, shareholder guarantees, institutional credit lines,
and some of its own reserves.
CEO Nan Zheng said of the move, “These strategic developments have
the potential to create a powerful synergy between our domestic and
international operations,” said Nan Zheng, Chief Executive Officer of
Webus. “Our partnership with Tongcheng strengthens our China network
infrastructure, while the integration of an XRP blockchain integration has the
potential to revolutionize how we handle cross-border payments for both
partners and travelers worldwide.”
In short: Webus wants XRP to be the grease in its global wheels —
cutting out currency-conversion headaches and enabling instant chauffeur
payments, refunds, and cross-border settlements for its AI-driven travel
services.
Why XRP? It’s About Speed, Costs — and Corporate Trendsetting
So why XRP? It boils down to the low-fee settlement layer, rapid
transaction times, and seamless integration with the Ledger — all key for
powering international services without the typical FX friction.
BOOOOOOOOOOOOOOOM!!! 💥
Webus International is set to scoop up $300 MILLION in XRP to build a strategic reserve, power blockchain infrastructure & EXPLODE onto the global stage! #XRP pic.twitter.com/toje73DppC
— Levi | Crypto Crusaders (@LeviRietveld) May 29, 2025
Zheng positioned it as a natural fit, “Internationally, our potential
XRP implementation can eliminate traditional payment friction, allowing instant
settlement with chauffeurs and service providers worldwide while providing
immediate refunds when needed. Together, these initiatives can create a truly
borderless travel experience for our customers.”
The initiative is part of a wider three-pronged strategy:
Building the reserveDeveloping proprietary blockchain infrastructure (wallets, Web3 loyalty
tokens, on-chain booking records)Accelerating global expansion of Webus’s mobility platform
And while XRP-based treasuries remain rare (Bitcoin still dominates the corporate
treasury scene), Webus’s move signals rising institutional curiosity. In fact, this announcement comes after VivoPower
International revealed its own $121M treasury plans — a trend worth
watching.
Market Reaction: XRP Stays… Yawn… Flat
Here’s the kicker: despite the headline-grabbing $300M bid, XRP’s price
barely moved.
The markets appeared less than thrilled (screenshot).
Crypto markets didn’t exactly throw a ticker-tape
parade for Webus. But that’s not entirely surprising: the plan
remains non-binding and is contingent on due diligence and final documentation.
Nothing has been purchased yet, and no timeline for closing the financing has
been disclosed.
Still, institutional interest is percolating. XRP has notched recent
wins, including a CME futures listing, and the
first ETF from Volatility Shares. Multiple spot ETF applications
are also pending with the SEC.
Translation: even if markets aren’t pumping on this news, institutional
validation of XRP is creeping forward.
Will Corporates Warm Up to XRP Treasuries?
Corporate adoption of XRP as a treasury asset remains nascent — this is
no MicroStrategy Bitcoin repeat (yet). But Webus’s move, combined with
VivoPower’s, suggests that XRP’s utility-driven thesis (cheap cross-border
payments) is resonating in certain verticals.
And Webus isn’t exactly a crypto-native firm — this is an AI-powered
mobility player looking to integrate blockchain to solve real-world payment
problems across its chauffeur networks and Tongcheng partnership.
If this bet pays off, expect more non-crypto firms to explore XRP or
similar tokens for niche treasury and operational use cases.
For now, XRP holders may have to settle for potential, not pumps. But
in an increasingly multi-chain, multi-asset world, watching which corporates
back which tokens could soon matter more than watching price charts alone.
Webus, a Chinese AI-driven mobility company, wants to make chauffeur payments
frictionless with a $300M XRP reserve. Markets? Unimpressed — for now.
Chinese AI-powered mobility giant Webus International Limited just
lobbed a bold pitch into the crypto world: it’s aiming to
raise up to $300 million to build a dedicated XRP reserve to support its
expanding borderless payments ambitions. At the same time, the company is
also renewing its partnership with Tongcheng Travel Holdings Ltd., a leading
Chinese tourism firm.
JUST IN: Webus International Limited to buy up to $300 Million worth of $XRP to establish strategic reserve, develop infrastructure and accelerate global expansion initiatives. pic.twitter.com/WmHOw931GR
— Whale Insider (@WhaleInsider) May 29, 2025
In a May 29 announcement,
Webus revealed it will pursue a non-equity financing route to fund the war
chest — think bank loans, shareholder guarantees, institutional credit lines,
and some of its own reserves.
CEO Nan Zheng said of the move, “These strategic developments have
the potential to create a powerful synergy between our domestic and
international operations,” said Nan Zheng, Chief Executive Officer of
Webus. “Our partnership with Tongcheng strengthens our China network
infrastructure, while the integration of an XRP blockchain integration has the
potential to revolutionize how we handle cross-border payments for both
partners and travelers worldwide.”
In short: Webus wants XRP to be the grease in its global wheels —
cutting out currency-conversion headaches and enabling instant chauffeur
payments, refunds, and cross-border settlements for its AI-driven travel
services.
Why XRP? It’s About Speed, Costs — and Corporate Trendsetting
So why XRP? It boils down to the low-fee settlement layer, rapid
transaction times, and seamless integration with the Ledger — all key for
powering international services without the typical FX friction.
BOOOOOOOOOOOOOOOM!!! 💥
Webus International is set to scoop up $300 MILLION in XRP to build a strategic reserve, power blockchain infrastructure & EXPLODE onto the global stage! #XRP pic.twitter.com/toje73DppC
— Levi | Crypto Crusaders (@LeviRietveld) May 29, 2025
Zheng positioned it as a natural fit, “Internationally, our potential
XRP implementation can eliminate traditional payment friction, allowing instant
settlement with chauffeurs and service providers worldwide while providing
immediate refunds when needed. Together, these initiatives can create a truly
borderless travel experience for our customers.”
The initiative is part of a wider three-pronged strategy:
Building the reserveDeveloping proprietary blockchain infrastructure (wallets, Web3 loyalty
tokens, on-chain booking records)Accelerating global expansion of Webus’s mobility platform
And while XRP-based treasuries remain rare (Bitcoin still dominates the corporate
treasury scene), Webus’s move signals rising institutional curiosity. In fact, this announcement comes after VivoPower
International revealed its own $121M treasury plans — a trend worth
watching.
Market Reaction: XRP Stays… Yawn… Flat
Here’s the kicker: despite the headline-grabbing $300M bid, XRP’s price
barely moved.
The markets appeared less than thrilled (screenshot).
Crypto markets didn’t exactly throw a ticker-tape
parade for Webus. But that’s not entirely surprising: the plan
remains non-binding and is contingent on due diligence and final documentation.
Nothing has been purchased yet, and no timeline for closing the financing has
been disclosed.
Still, institutional interest is percolating. XRP has notched recent
wins, including a CME futures listing, and the
first ETF from Volatility Shares. Multiple spot ETF applications
are also pending with the SEC.
Translation: even if markets aren’t pumping on this news, institutional
validation of XRP is creeping forward.
Will Corporates Warm Up to XRP Treasuries?
Corporate adoption of XRP as a treasury asset remains nascent — this is
no MicroStrategy Bitcoin repeat (yet). But Webus’s move, combined with
VivoPower’s, suggests that XRP’s utility-driven thesis (cheap cross-border
payments) is resonating in certain verticals.
And Webus isn’t exactly a crypto-native firm — this is an AI-powered
mobility player looking to integrate blockchain to solve real-world payment
problems across its chauffeur networks and Tongcheng partnership.
If this bet pays off, expect more non-crypto firms to explore XRP or
similar tokens for niche treasury and operational use cases.
For now, XRP holders may have to settle for potential, not pumps. But
in an increasingly multi-chain, multi-asset world, watching which corporates
back which tokens could soon matter more than watching price charts alone.
