PANews reported on May 30 that according to GlobeNewswire, mobile travel service provider Webus International Limited (NASDAQ: WETO) announced two strategic collaborations: it plans to raise up to $300 million through non-equity financing to establish XRP reserves for the development of cross-border payment solutions and blockchain infrastructure; and at the same time, it will renew the national travel cooperation agreement with Tongcheng Tourism Holdings Co., Ltd. (HKSE: 0780.HK). The financing plan will support three major directions: establishing XRP strategic reserves, developing wallets and Web3 loyalty systems, and accelerating global expansion. The financing plan is currently under discussion and the final terms are to be determined.