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NEW YORK - Wetour Travel Tech LLC, a U.S. subsidiary of Webus International Limited (NASDAQ:WETO), a micro-cap technology company with a market capitalization of $56.64 million, announced its Web3 roadmap for the travel industry focusing on stablecoin payments, tokenized loyalty programs, and instant supplier settlements. According to InvestingPro data, the stock has shown significant price volatility, with shares currently trading at $2.54.
The company plans to implement stablecoin checkout options by late 2025, followed by smart-contract payouts in early 2026 that would allow hotels and service providers to receive funds within seconds of guest check-in, according to a press release statement. This strategic initiative comes as the company faces challenging financial metrics, with InvestingPro analysis showing a revenue decline of 54% in the last twelve months to $5.35 million.
CEO Nan Zheng outlined how the blockchain-based ecosystem aims to address payment friction and loyalty system inefficiencies. "Gen Z won't tolerate hidden fees or seven-day payout cycles. They expect money to move at the speed of their lifestyle," Zheng said.
The roadmap includes a token-native loyalty program scheduled for mid-2026 that would allow travelers to receive points directly in their digital wallets with real-time redemption capabilities. The company is also exploring a cross-program bridge layer for the second half of 2026 that could potentially connect different loyalty programs.
Wetour, which operates in the U.S. and several Asian markets including Japan, Korea, Singapore, and Hong Kong, positions itself as a connection point between American blockchain infrastructure and Asia's travel markets.
The Delaware-headquartered company benefits from its parent company's Nasdaq listing, which provides "audited disclosures, institutional governance, and ready access to capital," according to the announcement.
Wetour currently serves travelers in more than 10 countries and has partnerships with hotel groups, airlines, and destination management organizations. While the company has not disclosed specific financial details related to the implementation costs or projected revenue impact of its blockchain initiatives, InvestingPro data reveals a weak overall financial health score of 1.37, with the stock experiencing a significant 29% decline over the past six months. Subscribers to InvestingPro can access 8 additional key insights about WETO's financial position and market performance.
In other recent news, Webus International Ltd. disclosed its financial results for the six-month period ending December 31, 2024. The company filed a Form 6-K with the Securities and Exchange Commission, providing transparency about its financial status and recent corporate developments. This filing includes unaudited consolidated financial statements, which offer insights into Webus's performance compared to the same period in 2023. Additionally, Webus is pursuing a financing strategy to raise up to $300 million to support its global payment and expansion initiatives, aiming to establish an XRP reserve for cross-border payment solutions. The company is considering various non-equity funding options, including bank loans and institutional credit facilities. In a strategic move, Webus renewed its partnership with Tongcheng Travel Holdings Ltd., continuing their branded inter-city charter lines across China. This collaboration combines Tongcheng's user base with Webus's vehicle network to enhance domestic travel services. CEO Nan Zheng highlighted the potential synergies from this partnership and the prospective XRP blockchain integration for international payments.
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