XRP Strategic Reserve Trend: Webus ($300M) Follows VivoPower ($121M) Model
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- China’s Webus International plans a $300M non-equity fund for an XRP reserve.
- Aims to use XRP for instant cross-border settlements in its global chauffeur network.
- Follows VivoPower’s $121M XRP treasury; China’s IMI notes Bitcoin as reserve hedge.
Chinese AI mobility firm Webus International unveiled a plan on May 29 to raise up to $300 million through non-equity financing to build an XRP reserve, a strategic move designed to support instant cross-border settlements across its global chauffeur service network.
This development closely follows a May 28 announcement from VivoPower International, a clean-energy firm with strong institutional backing, announced a $121 million private placement to fund its own XRP treasury platform. Together, these moves suggest an emerging corporate strategy where XRP is increasingly viewed as a functional financial tool beyond its status as a cryptocurrency.
Webus Bets on XRP for Seamless Borderless Mobility
Webus plans to establish the XRP reserve using a combination of cash, bank loans, and institutional credit, deliberately steering clear of issuing new equity.
According to CEO Nan Zheng, this XRP reserve will fuel …
The post XRP Strategic Reserve Trend: Webus ($300M) Follows VivoPower ($121M) Model appeared first on Coin Edition.
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Coins
$ 90.28K
-2.06%
$ 2.01
-0.74%
$ 0.0149
-1.47%
$ 0.000269
$ 213.96
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In This News
Coins
$ 90.28K
-2.06%$ 2.01
-0.74%$ 0.0149
-1.47%$ 0.000269
$ 213.96
Share:
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XRP Strategic Reserve Trend: Webus ($300M) Follows VivoPower ($121M) Model
Share:
- China’s Webus International plans a $300M non-equity fund for an XRP reserve.
- Aims to use XRP for instant cross-border settlements in its global chauffeur network.
- Follows VivoPower’s $121M XRP treasury; China’s IMI notes Bitcoin as reserve hedge.
Chinese AI mobility firm Webus International unveiled a plan on May 29 to raise up to $300 million through non-equity financing to build an XRP reserve, a strategic move designed to support instant cross-border settlements across its global chauffeur service network.
This development closely follows a May 28 announcement from VivoPower International, a clean-energy firm with strong institutional backing, announced a $121 million private placement to fund its own XRP treasury platform. Together, these moves suggest an emerging corporate strategy where XRP is increasingly viewed as a functional financial tool beyond its status as a cryptocurrency.
Webus Bets on XRP for Seamless Borderless Mobility
Webus plans to establish the XRP reserve using a combination of cash, bank loans, and institutional credit, deliberately steering clear of issuing new equity.
According to CEO Nan Zheng, this XRP reserve will fuel …
The post XRP Strategic Reserve Trend: Webus ($300M) Follows VivoPower ($121M) Model appeared first on Coin Edition.
In This News
Coins
$ 90.28K
-2.06%$ 2.01
-0.74%$ 0.0149
-1.47%$ 0.000269
$ 213.96
Share:
In This News
Coins
$ 90.28K
-2.06%$ 2.01
-0.74%$ 0.0149
-1.47%$ 0.000269
$ 213.96
Share:
Read More
Ripple Payments Secures First European Bank Integration as AMINA Bank Goes Live