Travel service provider Webus plans to raise $300 million to establish XRP strategic reserves to support the global driver payment network

Odaily Planet Daily News: Chinese travel service provider Webus International announced plans to raise up to $300 million through non equity financing to establish XRP strategic reserves and integrate them into the global ride hailing payment network. Webus will renew its cooperation agreement with Tongcheng Travel Holdings, a large online travel platform in China, to expand the "Wetour x Tongcheng" charter service route, and plan to use XRP Ledger to settle cross-border travel and driver income. It is reported that Saudi company VivoPower International has also announced plans to establish a $121 million XRP reserve, indicating that the fourth largest cryptocurrency asset by market value is gaining increasing attention from companies. This round of financing for Webus is still in the intention stage and requires final agreement and due diligence. （CoinDesk）