Overview
- The exchange is designed to let travelers convert and redeem loyalty points across airlines, hotels, and mobility services in real time using XRP with XRPL-compatible stablecoin settlement.
- Webus says pilot programs are underway in Asia and North America as it advances a staged deployment subject to regulatory approvals.
- A crypto lawyer reported that Webus has filed with the U.S. SEC for the XRP-based system, a step the company has not fully detailed publicly.
- CEO Nan Zheng said XRP settlement is intended to make redemptions instant, borderless, and cost-efficient, addressing fragmentation and opacity in loyalty programs.
- Webus is targeting a reported $20 billion loyalty market, with industry estimates pointing to more than $100 billion in unredeemed points, while specifics such as stablecoin choices and partner lists have not been disclosed.