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Blockchain payments company Ripple Labs has secured money transmitter licenses in the US states of New York and Texas as CEO Brad Garlinghouse came out against a strategic Bitcoin reserve in the US. The company said in a Jan. 27 notice that regulators in both states approved the money transmitter licenses. Ripple Labs reportedly now holds over 50 such licenses across different jurisdictions, which enables the company to offer US customers a cross-border payment solution. Ripple CEO Says US Strategic Reserve Should Be Representative Of Crypto Industry Ripple’s announcement follows an X post by Garlinghouse that said the potential US strategic crypto reserve should be “representative of the industry.” Instead of focusing solely on a single token or coin, such as Bitcoin (BTC) or Ethereum (ETH), Garlinghouse says the Donald Trump administration should create a multi-crypto reserve. Some thoughts on maximalism… let me say this as clearly as I can – ...

Ripple’s XRP token continues its struggle to break past the $0.55 level. The asset has faced quite a correction over the last few days. XRP’s price is down 2.4% in the daily charts, 2.2% in the weekly charts, 0.5% in the 14-day charts, and more than 10% over the previous month. The asset has maintained some gains in the yearly charts, up by a mere 1.5% since October 2023. Also Read: Bitcoin: Here’s What Elon Musk’s Tesla Is Doing With Its BTC Source: CoinGecko Despite the lackluster performance, Ripple’s XRP continues to be a popular cryptocurrency. It is one of the most utilized assets for cross-border remittances. That said, let’s discuss how long it takes to turn $1000 worth of XRP into $500,000. When Will The $1000 Worth Of XRP Become $500,000? If you purchase $1000 XRP today, you will receive about 1886.79 coins. For 1886.79 XRP to become $500,000, each coin’s price has to reach nearly $265. Hitting $265 from current price levels will require a rally o...