TLDR
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Webus (WETO) Soars 88% on XRP-Powered Blockchain Plans and New Mobility Deal.
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Webus Eyes $300M XRP Reserve to Revolutionize Global Travel Payments.
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WETO Surges as Blockchain Strategy and Tongcheng Partnership Drive Growth.
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Webus Blends AI Mobility and Crypto Payments for Instant Global Settlements.
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Webus Expands in China, Plans XRP-Backed Ecosystem.
Webus International Limited (NASDAQ: WETO) recorded a sharp intraday gain of 88%, driven by news of major strategic initiatives. The stock peaked above $4 before stabilizing near $3.30, indicating sustained investor interest. Market momentum followed announcements tied to blockchain integration and a renewed national mobility partnership.
Webus International Limited (WETO)
XRP Reserve to Power Cross-Border Payment Infrastructure
Webus proposed a financing strategy worth up to $300 million to establish an XRP reserve supporting global settlement systems. The company aims to use non-dilutive funding such as bank loans, institutional credit and internal reserves. This funding structure preserves equity while facilitating blockchain integration into its payment framework.
JUST IN: Webus International Limited to buy up to $300 Million worth of $XRP to establish strategic reserve, develop infrastructure and accelerate global expansion initiatives. pic.twitter.com/WmHOw931GR
— Whale Insider (@WhaleInsider) May 29, 2025
Consequently, Webus intends to launch a full-fledged blockchain ecosystem to simplify global mobility transactions. The XRP reserve will enable real-time cross-border settlements, reducing transaction costs and improving operational transparency. The plan also supports traveler refunds and instant driver payments using crypto-backed rails.
Webus has not finalized the financing agreement and will proceed once documentation and conditions are complete. Still, the strategy highlights a serious pivot toward digital assets in mobility services. This direction aligns with broader global trends adopting blockchain for instant settlement infrastructure.
Blockchain Integration to Expand Global Ecosystem
In addition to the XRP reserve, Webus plans to develop an in-house blockchain infrastructure to support customer and partner operations. The infrastructure will include on-chain booking records, crypto wallets, and a Web3 loyalty program tied to the travel ecosystem. These features aim to modernize user engagement and secure customer data on-chain.
The blockchain expansion supports Webus’s goal of building a seamless, transparent platform across borders and currencies. Moreover, the company seeks to enhance mobility service quality while offering crypto-native features to a growing global audience. These developments position Webus as a competitive player in the AI mobility and digital finance sectors.
By merging mobility with blockchain, Webus targets operational efficiency and payment speed while reducing reliance on traditional banking networks. The approach allows users to transact without delays or forex constraints. It also unlocks a new value proposition for partners needing scalable global settlement tools.
Mobility Partnership with Tongcheng Strengthens China Reach
Webus renewed its strategic partnership with Tongcheng Travel Holdings to scale domestic operations through inter-city charter services. The agreement expands their co-branded service “Wetour × Tongcheng,” integrating premium vehicles with nationwide booking coverage. Tongcheng brings access to over 240 million active users and deep mobility analytics.
The collaboration focuses on last-mile service enhancements and route optimization across urban hubs. Webus will supply its AI-driven vehicles to support Tongcheng’s high-demand routes, expanding fleet utility. Together, both firms plan to improve service delivery and maximize customer convenience.
This partnership cements Webus’s position in China’s competitive travel market by securing access to local infrastructure. It complements the company’s blockchain ambitions by ensuring domestic market strength. As a result, Webus balances global expansion with a reinforced home-market advantage.
