Chinese AI company Webus International invests 300 million dollars in XRP

Webus International, a leading AI solutions company from China listed on the Nasdaq, has officially announced plans to invest up to 300 million USD into the XRP reserve fund. According to the company's statement, this strategy is designed to optimize and promote cross-border payment solutions effectively.

Not stopping there, Webus also aims to use XRP to expand blockchain-related development initiatives, in line with the direction of a pioneering company in the AI field. Depending on the success of this investment, Webus may integrate on-chain blockchain solutions into various different fields in the future.

Big Bet on XRP: Webus's Strategic Move

Recently, many large corporations around the world have shown strong interest in holding cryptocurrency assets.

Bitcoin, as the first and most popular cryptocurrency, still maintains its long-term appeal. However, more and more companies are starting to experiment with altcoins like Solana. Today, Webus International made a new breakthrough by announcing plans to invest $300 million in the XRP reserve fund, a bold and ambitious move.

Webus is not the only Chinese company considering a large investment in cryptocurrency this month. However, Webus's plan to reserve XRP stands out due to its clear strategy and long-term vision.

Previously, Addentax Group, a logistics company, announced its intention to invest 800 million USD in Bitcoin and TRUMP. However, this plan seems to be aimed merely at reducing tariffs and does not specify any long-term goals related to cryptocurrency.

On the contrary, Webus has presented a specific and detailed vision for building an XRP reserve fund. Webus CEO Nan Zheng shared: "These strategic developments have the potential to create a strong synergy between our domestic and international operations. The integration of XRP blockchain has the potential to revolutionize how we handle cross-border payments for both partners and customers worldwide."

XRP: A Solution for Cross-Border Challenges

Webus's AI solutions are currently serving customers globally. However, Chinese companies often face difficulties in handling cross-border banking transactions, and XRP is expected to effectively address these issues.

Webus also revealed that they will use XRP in core financial activities such as lending, securing shareholders, third-party credit, and many other transactions.

This investment of 300 million USD focuses not only on improving cross-chain payment operations (cross-chain) but also on helping Webus build a stronger blockchain infrastructure. According to the company's press release, some specific goals include: on-chain record keeping (on-chain record keeping), issuing loyalty tokens, and developing a customer wallet.

Impact of investment plans on Webus and XRP

This bold investment plan has immediately created a positive effect on the market. Webus's stock price has increased by over 60% in after-hours trading following the announcement.

Webus International stock price | Source: Google FinanceAs one of the leading cryptocurrencies, XRP has proven its value. However, the 300 million USD investment from Webus is a significant figure, demonstrating strong confidence in the potential of this currency.

If Webus succeeds in integrating XRP into the AI ecosystem in China, this will not only bring significant benefits to the company but also contribute to enhancing the value of XRP globally.

Webus's XRP reserve strategy could mark a significant turning point, opening up new trends in integrating cryptocurrency into various industries worldwide.

Mr. Teacher