Webus International Limited has filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC), signaling its intention to launch an XRP treasury. This move positions the company among a small but growing group of publicly traded firms integrating Ripple’s XRP into their financial operations.
The Hangzhou-headquartered provider of AI-driven mobility solutions recently entered an agreement with Samara Alpha Management, a U.S.-based investment advisor. This partnership sets the groundwork for Webus’s crypto strategy, which is specifically designed around XRP integration.
Webus is suggesting an XRP treasury to help its chauffeur services and booking platforms make fast transactions across the globe. This means that more transactions in the transportation sector will now use blockchain to process payments.
After debuting on the Nasdaq in February after an \$8 million IPO, Webus International is now looking beyond mobility to work on financial innovation. If XRP is used, cross-border payments could be completed faster and with lower costs throughout the company.
Even so, the filing shows it’s very interested in cryptocurrency, recognizing the new directions the cryptocurrency industry is heading. Even so, the SEC notice reflects that Webus plans to be part of a rising trend of companies using crypto.
Rising Corporate Confidence in XRP as a Treasury Asset
Other companies are also taking these steps. VivoPower, a sustainable energy firm, is forming a $121 million XRP reserve, thanks to BitGo’s previous investment of $100 million in XRP, reports U.Today. Since XRP is getting picked more often, it looks like it is a favorite among companies wishing to find different options from Bitcoin and Ethereum.
The step taken by Webus International is part of a trend where companies are changing the way they view using digital assets for business purposes. Using XRP shows belief in Ripple’s system and how it helps improve payment infrastructures.
A large number of firms are still careful about investing in crypto reserves. Yet, this news suggests there is a growing willingness to look into digital currencies from companies other than just Bitcoin and Ethereum. It is now possible to see XRP expanding because of its advantages in terms of speed, scalability, and low cost in real-world payments.
Webus International is now part of a small group of public companies using Ripple’s technology from the SEC filing. This might result in more XRP being adopted by companies outside the financial sector.
