Chinese webus company plans an XRP treasury with USD $ 300 million

By Hannah Pérez

Webus, which quotes its actions in the United States Stock Exchange, visualizes establishing a Treasury reserve with XRP -centered cryptocurrencies, and plans to allocate up to USD $ 300 million for its strategy.

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• Webus, which quotes its actions in Nasdaq, joins the tendency of cryptocurrency treasures.
• He does not choose Bitcoin, instead he plans to focus on XRP for his treasury strategy.
• Plan to allocate up to USD $ 300 million and integrate XRP to accelerate payments.
• Webus is not the first to select XRP for its balance, a firm in Florida also does.

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Cryptocurrency treasury are the latest corporate fashion and no company wants to be left behind.

Webusa Chinese supplier of mobility solutions promoted by AI that quotes in Nasdaq, has revealed plans to establish an XRP corporate reserve, the cryptocurrency closely linked to Ripple.

In a press release, Webus He informed having signed an agreement with the Investment Advisor Samara Alpha Management which establishes a strategic framework for possible future operations of digital assets.

The agreement explores a financing strategy of up to USD $ 300 million to establish an XRP -centered reservation aimed at supporting global payment solutions. Samara Alpha It will operate as exclusive delegate manager of digital assets, according to the statement.

The strategic framework “It is designed to provide Webus infrastructure and institutional level experience for possible future digital assets treasury operationsspecifically focused on XRP management“the company wrote a previous statement published on May 29.

The company could finance the XRP -centered treasury plan using cash reserves, bank loans, guarantees of credit shareholders and facilities backed by traditional banks institutions, details that notice.

Chinese company joins the trend of Crypto Treasury

Development occurs in the midst of a growing trend among public companies around the world to adopt Bitcoin and other cryptocurrencies as strategic reserve assets for their treasury.

Strategy –formerly Microstrategy– He became 2020 pioneer in this strategy by adding Bitcoin to his balance. Since then, the company founded by Michael Saylor that lies in the American Stock Exchange, has been crowned as the public company with the world’s largest Bitcoin holdings. His treasure currently has 580,955 BTC, valued at more than USD $ 61 billion.

Other international companies have replicated the play, including Block, Tesla, Semler Scientific, Méliuz, Metaplenetwith reports estimating that there are now more than 60 corporate treasures of Bitcoin worldwide.

In the midst of this movement, some companies have adopted other digital assets. Solariumfor example, it is becoming a digital asset chosen by several public companies, as well as XRP.

Wellgistics Healthan important pharmaceutical distributor based in Florida, USA., He announced XRP integration for his treasury last month and reinvent his payment model.

“As we continue to evaluate innovative approaches for treasury management, establish this framework with a regulated institutional level partner provides us with a strategic option while we maintain prudent controls“, Said Nan Zheng, executive director of Webusin this week’s statement.

Webus also wants to accelerate payments with XRP

Beyond taking advantage of XRP for the treasury strategy, Webus He also indicated his intention to take advantage of the technology of Ripple to support global payment solutions and accelerate the company’s own transactions.

“XRP blockchain integration has the potential to revolutionize the way we handle cross -border payments for both partners and travelers around the world“, The company detailed in the note last month.

“Internationally, our potential implementation of XRP can eliminate traditional payment friction, allowing instantaneous liquidation with drivers and service providers around the world while providing immediate reimbursements“Zhen said in the aforementioned statement.

The CEO added that this movement, added to an alliance announced with the Chinese online travel platform, TongchengThey can help the company “Create a truly -free travel experience for our customers“

Webus He presented a form before the US stock and values ​​commission. UU. (Sec) informing of his new financial strategy, in line with regulatory compliance. He clarified that he has not yet committed, invested or transferred XRP or other assets.

XRP is negotiated around USD $ 2.24 at the time of edition of this article, according to Coinmarketcap.

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Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI, under free use license

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