Ripple XRP mentioned in an updated Remittance Transfers Under the Electronic Fund Transfer Act (Regulation E) document dated June 5th, 2020 and starting the following - "Ripple, which offer both a payments messaging platform to support cross- border money transfers as well as a virtual currency, XRP, which can be used to effect settlement of those transfers." XRP will be used by Banks and is currently being used by MoneyGram and other money transmitters. It was reported that Western Union is looking to buy MoneyGram, Western Union is currently still resting Ripple ODL and XRP. XRP takes the top spot in current ‘Emerging Trends’
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