TechFlow, July 1 — According to GlobeNewswire, Webus International, a Nasdaq-listed mobility service provider, announced it has entered into a conditional securities purchase agreement with Ripple Strategy Holdings, securing a $100 million senior equity credit facility.
Proceeds are expected to support the development of Webus's XRP financial strategy, including cryptocurrency payments, blockchain-based loyalty programs, and other initiatives related to its global expansion.
Previously, Chinese company Webus International announced plans to establish a $300 million XRP strategic reserve.




