Weibo International and Ripple Strategy Holdings reach a $100 million equity investment agreement

According to Globenewswire, Nasdaq listed mobile travel service provider Webus International announced that it has signed a conditional securities purchase agreement with Ripple Strategy Holdings, obtaining up to $100 million in preferred equity credit line. The expected proceeds will support the development of Webus' XRP financial strategy, including encrypted payments, blockchain based loyalty programs, and other initiatives related to its global expansion. Previously, Webus signed a $300 million XRP funding agreement with SamaraAlpha.