Chinese mobility and hospitality firm Webus International has taken a big step toward using cryptocurrency in its business. The company recently filed paperwork with the US Securities and Exchange Commission (SEC), revealing plans to create a $300 million treasury focused on XRP, the digital token tied to Ripple’s blockchain.
Webus intends to secure these funds without issuing extra shares, so existing owners won’t have their stakes reduced. Instead, it will rely on loans, credit lines, shareholder guarantees, and its own cash, demonstrating its desire to maintain control while investing heavily in XRP.
The filing also says Webus is teaming up with Samara Alpha Management, a company that will help manage the XRP assets once the money is ready. But for now, Webus hasn’t bought or moved any XRP yet. They’re being careful and waiting for the right time to start.
Why XRP?
The company says Ripple’s technology will help speed up payments and reduce fees, especially for international money transfers. Webus plans to use Ripple’s blockchain to make paying drivers, handling refunds, and settling cross-border transactions faster and smoother. CEO Nan Zheng said the goal is to remove “traditional payment friction” and make travel more seamless across borders.
Webus is not alone in this. Other companies are also building XRP treasuries. For example, Nasdaq-listed VivoPower announced a $121 million XRP treasury backed by some big investors, including members of the Saudi Royal Family. Another firm, Wellgistics in Florida, secured $50 million to adopt XRP payments and set up a digital treasury.
More and more companies are starting to see XRP not just as a digital currency but as a practical way to manage their finances. Webus jumping on board shows that blockchain and cryptocurrencies are becoming a regular part of how businesses handle payments, especially when working across different countries in industries like travel and hospitality.
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