International Chauffeur Service Webus Plans $300M Raise for XRP Strategic Reserve

coindesk
2025.05.30 08:00

Webus International plans to raise up to $300 million through non-equity financing to support its global chauffeur payment network with an XRP reserve.The initiative aims to integrate XRP’s cross-border settlement capabilities into Webus’ ecosystem, including on-chain booking records and a Web3-based loyalty program.Webus is renewing its partnership with Tongcheng Travel Holdings to use the XRP Ledger for settling cross-border rides and driver payouts.

  • Webus International plans to raise up to $300 million through non-equity financing to support its global chauffeur payment network with an XRP reserve.
  • The initiative aims to integrate XRP’s cross-border settlement capabilities into Webus’ ecosystem, including on-chain booking records and a Web3-based loyalty program.
  • Webus is renewing its partnership with Tongcheng Travel Holdings to use the XRP Ledger for settling cross-border rides and driver payouts.
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