Webus International plans to invest $300 million in XRP to establish a crypto reserve and enhance its blockchain ecosystem.
The Chinese company, known for AI-powered mobility solutions, has filed a Form 6-K with the SEC for the investment in XRP.
Webus aims to use the XRP reserve for blockchain-driven travel and payment services, as well as develop blockchain infrastructure for global expansion.
Interest in XRP is growing among institutional investors, with Webus's initiative reflecting the increasing confidence in XRP as a significant player in financial systems.