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XRP Primed To Move Higher As Chinese Company Plans $300 Million XRP Treasury Plan

  • China-based Webus International plans a $300 million XRP treasury to support international payment solutions, as per a filing with the US Securities and Exchange Commission.
  • The company aims to utilize Ripple's blockchain network in its business for streamlined cross-border transactions and enhanced transparency in the travel and hospitality sector.
  • Webus partnered with Samara Alpha Management to establish its XRP treasury, joining a trend of public companies integrating cryptocurrencies into their treasuries.
  • This move reflects a broader interest from corporations in tokens like XRP, with other companies like Wellgistics and VivoPower International also announcing plans to incorporate significant amounts of XRP into their balance sheets.

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