Chinese AI Company Considering $300 Million XRP Bet

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Ah, dear reader! Gather ’round, for I bring tidings from the far-off land of China, where a curious entity known as Webus International Limited, a company of such ambition that it dabbles in the arcane arts of AI-powered mobility, has decided to embark on a most audacious venture. They have announced a funding initiative of a staggering $300 million! Yes, you heard it right—$300 million! 💰

This princely sum, one might think, is destined for the coffers of emperors or perhaps to build a grand palace. But nay! It shall be used to integrate the mystical XRP, a digital currency that dances on the blockchain like a jester at a royal court. The firm, in its infinite wisdom, aims to construct a reserve of this popular altcoin, as if it were gathering golden eggs from a mythical goose. 🥚✨

What, you may ask, is the purpose of this reserve? Why, to enable instant international payments, of course! Imagine, if you will, a chauffeur service that whisks you away in a chariot of luxury, all while your payment zips across borders faster than a gossiping babushka. 🚗💨

Fear not, dear shareholders! The reserve shall not be funded with the company’s equity, meaning your precious shares shall remain unscathed, like a well-preserved pickle in a jar. 🥒

But wait! There’s more! A portion of these funds will be devoted to the development of various blockchain-based features, such as on-chain bookings and loyalty programs. Because who doesn’t want to be rewarded for their loyalty, like a faithful dog waiting for a treat? 🐶

As the company sets its sights on global expansion, one can only wonder if they will conquer the world or merely trip over their own shoelaces. And let us not forget, this funding is still in the exploratory phase—like a child peeking into a cookie jar, unsure if they should take the plunge. 🍪

In the world of cryptocurrency, XRP has risen by a modest 1% over the past 24 hours. A small victory, indeed! It stands as one of the few major tokens basking in the warm glow of the green light, while others languish in the shadows. 🌱

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2025-05-30 00:16