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Webus Plans $300M Push to Boost XRP Adoption for Global Payments

  • Webus International Limited plans to raise $300 million to enhance XRP adoption for global payments, supporting cross-border transactions and blockchain expansion.
  • The funds will be utilized to build up XRP reserves, develop blockchain tools for digital wallets and loyalty programs, and facilitate the company's global growth strategies.
  • Despite facing a revenue drop of 54%, Webus stock surged by 34% post the announcement, showcasing investor confidence in the company's XRP-driven strategy for faster and cost-effective international payments.
  • Webus also aims to strengthen its presence in the Chinese market through its partnership with Tongcheng Travel and leverage XRP to streamline cross-border transactions, positioning itself uniquely in the mobility and fintech sector.

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