Three publicly traded companies, including Webus International, VivoPower, and Wellgistics Health, are planning to hold XRP in their cash reserves.
Webus International aims to set aside $300 million in XRP, VivoPower plans to use approximately $121 million, and Wellgistics Health has earmarked $50 million for XRP.
This shift in treasury strategy reflects a growing interest among firms in utilizing XRP for global payment services and real-time transactions, aiming to cut out delays and fees associated with traditional payment methods.
Other companies like Worksport and Ault Capital Group have also shown interest in holding XRP, indicating a broader trend towards incorporating XRP into their financial strategies.