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

In a bold step that could reshape international ride services, Webus International has announced plans to raise up to $300 million. The funds will be used to create a strategic XRP reserve. The goal is to support cross-border payments for its chauffeur network.

Webus is a China-based AI-driven mobility company. It provides premium car services for travelers across the globe. Now, it's moving into blockchain in a major way.

The announcement came on May 29. And it’s already generating buzz in both crypto and business circles.

Why XRP?

Webus isn’t just dabbling in digital assets. It wants to build a real-world use case. XRP was selected for its speed, low fees, and proven ability to handle cross-border settlements.

According to CEO Nan Zheng, XRP could cut through the red tape of traditional payments. “Our potential XRP implementation can eliminate traditional payment friction,” Zheng said. “Instant settlement with chauffeurs and service providers worldwide. Immediate refunds when needed. That’s the vision.”

This is a vision that goes far beyond China.

No Dilution, All Ambition

The $300 million isn’t coming from selling shares. Webus made it clear that equity is off the table. Instead, the company will lean on a mix of traditional funding sources that includes commercial bank loans, institutional credit lines, shareholder guarantees, and internal cash reserves.

This approach helps Webus preserve shareholder value. It also sends a message: we’re serious about building a future-proof payments system. The plan is still in discussion. It's non-binding for now. Final agreements and due diligence are still pending.

A Three-Part Strategy

The XRP reserve is just one part of a larger game plan. Here’s what the full $300 million is meant to support:

XRP Reserve: Enables instant, low-cost international payments and driver settlements.

Blockchain Infrastructure: Includes on-chain booking, Web3 loyalty tokens, and crypto wallets.

Global Expansion: Powers international growth and mobility partnerships.

Together, these initiatives aim to create a seamless, borderless travel experience.

Renewing a Key Partnership

As part of the same announcement, Webus also renewed its partnership with Tongcheng Travel Holdings. Tongcheng is one of China’s largest travel platforms. It handles 240 million paying users each year. The two companies previously teamed up for “Wetour × Tongcheng,” a charter line service across China. Now, they’re extending that relationship to include blockchain integration.

Webus hopes to use the XRP Ledger to settle intercity rides, driver payouts, and customer refunds. The goal is real-time, cross-border payments without the usual friction. “Domestically, our Tongcheng partnership provides unmatched reach,” said Zheng. “Internationally, the XRP strategy helps make payments invisible and instant.”

Institutional Momentum Building for XRP

Webus isn’t the only company betting on XRP. Just one day earlier, VivoPower International, a Saudi-linked energy company, announced its own $121 million XRP treasury initiative.

Together, these moves hint at growing institutional interest in XRP. Not just as a speculative asset, but as a functional payment tool.

Bitcoin still dominates the corporate treasury game, but XRP is carving out a role as the go-to token for fast, low-cost settlements. Especially for companies focused on real-world logistics, travel, and services. 

But Markets Shrug

Despite the headlines, XRP’s price hasn’t surged. The token actually dipped slightly after the Webus news broke. At press time, XRP was trading around $2.19. That’s below its 20-day Bollinger Band midpoint. Technical indicators show fading bullish momentum.

Support levels to watch are $2.18 and $2.12. A further breakdown could send XRP back to the $2.00 psychological zone. On the upside, bulls need to break $2.37 and $2.56 for a rally to stick. 

In other words, the market is waiting for action, not just plans.

Will XRP Treasuries Catch On?

Webus may be a test case. If the XRP strategy works, more non-crypto firms could follow. Especially those with global operations and complex payment needs.

For now, XRP remains a niche treasury asset. But its appeal is clear:

• Low fees
• Fast transactions
• Reliable infrastructure
• Corporate-grade integration

These aren’t just crypto buzzwords. They solve real problems in the mobility and travel sectors.

Webus is not a crypto-native firm. It’s an AI-powered car service, and that’s what makes this announcement so interesting. It’s a traditional company trying to fix legacy issues using blockchain.

A Borderless Vision

This isn’t just about cars or crypto. It’s about creating a borderless payment system. One where travelers don’t have to worry about foreign exchange, bank delays, or costly fees.

Webus is positioning itself as more than just a chauffeur service. It wants to be a tech-driven global mobility platform. One that rewards loyalty, enables instant refunds, and removes payment bottlenecks entirely.

With on-chain booking and Web3 loyalty tokens in the pipeline, the company is going full Web3. Not because it’s trendy, but because it solves pain points.

What Comes Next?

The market may not be excited yet. But behind the scenes, something is shifting. XRP is becoming a tool, not just a trade.

As for Webus, its next steps will include finalising its financing agreements, building out blockchain infrastructure, and expanding services internationally. No timeline was given for the XRP purchases. However, once those wallets go live, Webus could become one of the largest non-financial firms holding XRP.

Final Thoughts

Webus’s $300 million XRP plan may not have lit up the charts, but it’s a milestone. It shows that blockchain is finding a home in practical industries. It shows that XRP is more than a speculative token, and it shows that companies are ready to use crypto to solve real-world payment problems.

This move could signal the start of a new wave of corporate adoption. Where crypto isn’t just held in cold storage. It’s used every day. For now, investors may stay cautious.  If Webus delivers on its vision, the mobility industry and the crypto world might look very different in a few years.