Webus adds XRP token and Ripple USD payment options to platform

HANGZHOU, China - Webus International Limited (NASDAQ:WETO), a $44 million market cap provider of AI-driven mobility solutions, announced Friday that its Wetour mobile web platform has integrated XRP token and Ripple USD (RLUSD) stablecoin payment support. According to InvestingPro data, the company’s stock has shown significant volatility, gaining 17% in the past week despite a 45% decline over the last six months.

The new payment options allow travelers to purchase product vouchers and promotional coupons using these cryptocurrencies, with transactions automatically linked to users’ account benefits and activity profiles.

"Bringing XRP token and RLUSD to Wetour’s mobile web streamlines checkout and immediately credits vouchers or coupons to the traveler’s account," said Nan Zheng, Chief Executive Officer of Webus, according to the company’s press release.

The cryptocurrency payment feature is currently available in eligible jurisdictions and will expand in phases. Usage is subject to local laws, KYC/AML requirements, and Wetour voucher and coupon terms.

Webus noted that digital assets, including XRP token and Ripple USD stablecoin, can be volatile, and users should evaluate risks and local regulations before transacting.

Webus International Limited provides customizable chauffeur services through its Wetour brand, which offers airport transfers, intercity transportation, private guided tours, and chartered services for leisure and business travelers.

The company trades on the Nasdaq under the ticker WETO.

In other recent news, Webus International Limited reported its semi-annual financial results for the period ending December 31, 2024. The company filed a Form 6-K with the SEC, providing shareholders and the public with an update on its financial status and corporate developments. Additionally, Webus has entered into a conditional Securities Purchase Agreement with Ripple Strategy Holdings, securing a senior equity line of credit of up to $100 million. This credit line will be available over a 24-month period, with drawdowns ranging from $250,000 to $3 million per tranche. In a move to support its global payment and expansion initiatives, Webus is also seeking to raise up to $300 million through various non-equity funding options. Furthermore, its subsidiary, Wetour Travel Tech LLC, unveiled a Web3 roadmap focusing on stablecoin payments and tokenized loyalty programs for the travel industry. The company plans to implement these innovations by late 2025 and early 2026, respectively. These developments reflect Webus’s ongoing efforts to enhance its position in the digital asset and cross-border payment sectors.

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