Is Singapore using XRP?

Could you please elaborate on the use of XRP in Singapore? I'm quite curious to know if the country has been actively embracing this cryptocurrency in its financial transactions. Given Singapore's reputation as a hub for financial technology, it would be fascinating to understand the role XRP plays, if any, in its financial landscape. Do businesses and individuals there use XRP for payments or as a means of storing value? Is there any regulation surrounding its use, and how does it fare in comparison to other cryptocurrencies in the region? Your insights would be greatly appreciated.