PANews reported on July 1 that according to Globenewswire, Nasdaq-listed mobile travel service provider Webus International announced that it has signed a conditional securities purchase agreement with Ripple Strategy Holdings to obtain a preferred equity credit line of up to US$100 million. The proceeds are expected to support the development of Webus' XRP financial strategy, including encrypted payments, blockchain-based loyalty programs, and other initiatives related to its global expansion.

Earlier news , Webus and SamaraAlpha signed a $300 million XRP funding agreement.