{"id":158441,"date":"2025-05-30T20:00:56","date_gmt":"2025-05-30T17:00:56","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=158441"},"modified":"2025-05-30T16:42:10","modified_gmt":"2025-05-30T13:42:10","slug":"chinese-firm-unveils-300m-xrp-reserve-plan-amid-crypto-ban","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/chinese-firm-unveils-300m-xrp-reserve-plan-amid-crypto-ban\/","title":{"rendered":"Chinese Firm Unveils $300M XRP Reserve Plan Amid Crypto Ban"},"content":{"rendered":"<p>Webus International Limited, known for its AI-driven mobility services, has announced plans to build a substantial reserve of Ripple\u2019s XRP token for global payment operations.<\/p>\n<p>The company revealed it aims to secure up to $300 million in funding to support the initiative, combining internal funds, loans, shareholder backing, and credit lines from major banks. While specific details on when the XRP acquisition will begin remain unclear, Webus emphasized that the reserve is part of a broader strategy to enhance international financial transactions.<\/p>\n<p>CEO Nan Zheng said the move is expected to bridge the company\u2019s domestic operations with its growing global ambitions. He added that incorporating XRP into Webus\u2019 infrastructure could streamline cross-border payments, benefiting both travel partners and customers worldwide.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-158410\" href=\"https:\/\/cryptodnes.bg\/en\/telegram-attracts-billions-plots-future-ipo-and-ai-revenue-with-xai\/\" title=\"Telegram Attracts Billions, Plots Future IPO and AI Revenue with xAI\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/telegram.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Telegram Attracts Billions, Plots Future IPO and AI Revenue with xAI<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>In a related development, Webus has also renewed its alliance with Tongcheng Travel Holdings, one of the country\u2019s largest online travel platforms. The partnership is expected to strengthen Webus\u2019 presence within China, particularly as it prepares to scale globally.<\/p>\n<p>This announcement comes just one day after U.S.-listed VivoPower International revealed a $121 million XRP treasury initiative, signaling a growing interest in Ripple\u2019s technology among corporate players despite regulatory uncertainty in several regions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A China-based tech company is taking a bold step into the world of digital finance, despite the country&#8217;s strict stance on cryptocurrency.<\/p>\n","protected":false},"author":3,"featured_media":104827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[223],"coin_category":[],"class_list":["post-158441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chinese Firm Unveils $300M XRP Reserve Plan Amid Crypto Ban<\/title>\n<meta name=\"description\" content=\"A China-based tech company is taking a bold step into the world of digital finance, despite the country&#039;s strict stance on cryptocurrency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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