In 2015 Ripple joined the Federal Reserve's Faster Payments Taskforce ("Set up in 2015 after the Fed recognized the need to spur improvements in payments [declaring necessity/initiative in 2013], the Task Force brought together a diverse group of 320 stakeholders – including banks, regulators, end users and technology companies – to create a roadmap for modernizing the U.S. payments infrastructure") and was selected early on to serve on the Faster Payments Steering Committee (only digital ledger technology/blockchain company selected), in 2014 the World Bank and Better Than Cash Alliance (includes governments of 32 countries) put out a report called "The Opportunities of Digitizing Payments." One year later the Better Than Cash Alliance featured only one crypto company on their website, which was Ripple, Ripple sits on the Digital Euro Association, the Digital Pound Foundation, the Digital Dollar Project, IMF's High Level Advisory Group on Fintech, Infrastructure Innovation Partner (Ripplenet use in crossborder payments) of the Saudi Arabian Monetary Authority, member of Bank of England's Accelerator Program (aim to inform on real time gross settlement), was chosen to work on the Bank of International Settlements' (the central bank of central banks) Project Polaris (emphasis of the project being "secure and resilient CBDC systems, offline and online, May 11, 2023), member of Hyperledger Consortium, is a founding (and only blockchain payments specific) member of the Open Payments Coalition (XUMM their main wallet company by XRPL Labs and Tangem (the hardware wallet company XUMM partners with)), Polysign (the crypto custody company cofounded by Ripple CTO who is himself one of the original coders of the XRP ledger and before that was a Bitcoin developer), Uphold (the exchange which maintained listing XRP in the US throughout the lawsuit) all also being founding members, is a founding member of the official blockchain regulation INATBA on ISO 20022 standards (also first member as a blockchain/DLT company), has an exec on the US Faster Payments Council Working Group, member of Global Payments Steering Group ("first rules based blockchain payment network for global interbank transfers"), member of Crossborder Working Group, member of W3C Web Payment Interest Group and World Wide Web Consortium through their Interledger Foundation having gifted W3C the Interledger Protocol (ILP (hard to overstate how huge this is)), Sponsor Member of the Mojaloop Foundation (which uses Ripple's Interleger Protocol) partner of the Digital Monetary Institute and only company named as a Platinum Partner at the Digital Monetary Institute's CBDC Symposium (Gold tier (next level down) partners including Amazon Web Services, Clifford Chance, Onyx by JP Morgan) (speakers including the Deputy Governor of the Bank of Israel, H.E. Governor of the Bank of Ghana, Director General , Chairman of the European Banking Authority, Deputy Governor of Banca d'Italia (Italy's central bank), Deputy Governor of Banco Central do Brazil (Brazil's central bank), Head of Bank of International Settlements' Innovation Center, a Commissioner of the SEC, Director/International Financials Worldwide Public Sector at Amazon Web Services, Governor of Bank of Mauritius, Economic Secretary HM Treasury, Deputy Governor of Bank Negara Malaysia (Malaysia's central bank), etc. (for full list see: archive.is/q3Om3 )), has a former exec (Robbie Mitchnick) hired to oversee Black Rock's Digital Asset's Division, a former exec leading Australia's CBDC project, has a former Treasurer of the US (Rosie Rios, 43rd Treasurer of the US) as a board member, former Secretary of Defense after being Sec. of Economics and Technology of Germany (Karl-Theodor zu Guttenberg) as a former advisor, past Deputy General Counsel (and priorly Senior Counsel at the Federal Reserve's Board of Governors (where she "specialized in a broad spectrum of payment system issues including policy analysis of digital assets, stablecoins, and central bank digital currencies and oversight of the Federal Reserve's payment services including the Fednow services," before that was counsel at the Federal Reserve Bank of New York, and serves as Vice Chair of the American Bar Association Business Law Section's Uniform Commercial Code Committee (Debbie Cheng))) was cited by the IMF's paper for cross-border payments (June 19, 2017) and later went on to work at IMF's Fintech Counsel, Ripple hired 2 former Fed lawyers (Norman Reed and Karen Gifford (who was hired on as Chief Compliance Officer)) 8 years ago while establishing their business with traditional organizations and virtually no one else pursuing same, purchased a 100% stake in Metaco (a digital asset custodian/tokenization solution with industry grade standard adherence, mandated for use by 6 of the world's top 10 largest custody banks and a host of other key institutional players use), hired former SWIFT Global Board member and former Head of Payments Innovation at HSBC (Marcus Treacher, hired 2016) as Global Head of Strategic Accounts (who also was appointed (after joining Ripple) as an Indepedent Director of Clearing House Automated Payment System (CHAPS) board (£277 billion daily from its 24 Direct Participants who, in turn, serve over 5,000 financial institutions as Indirect Participants)), brought in former CFO of Amazon (Warren Jensen, hired 5/19/23) as board member, formed the first digital currency for any nation-doing so for Palau (which has no central bank and uses the US dollar and so it is actually in effect creating a national USD stablecoin (issued on the public XRP ledger (as opposed to a private ledger like every other blockchain project with a country except for Stellar Foundation's (foundation formed by cofounder of Ripple, which the native blockchain (XLM) also uses the same consensus mechanism as XRP does (Federated Byzantine Fault Tolerance (fBFT)), which solves Triffin's Dilemma) CBDC with Ukraine, which according to Strategic Advisor to Ripple Anthony Welfare (the public ledger USD stablecoin), "presents all sorts of interesting opportunities" (see Digital Euro Conference March 31, 2023 (which Ripple was the only blockchain company membered in)), it is also worth noting here that CEO of Ripple colead a fireside chat with then Deputy Counsel of the IMF (now Head of Strategy and Operations, and Deputy to the Head (acting Head January 2022 to September 2022) of the BIS (Bank of International Settlements) Innovation Hub) Ross Leckow at the Singapore Fintech Festival (November 12-16, 2018) in which when asked through a thick seemingly loaded smile and laugh from Garlinghouse an audience submitted question whether or not the IMF could ever custody crypto (which Garlinghouse followed up by laughing that he promises "I did not submit the question"), Ross said, "I'm with the legal department so I need to be very conservative in what I say. For us to do that a country would need to have it as a national currency", Ripple launched the first CBDC (for Royal Monetary Authority of Bhutan (which notably as a country mostly deals with the Rupee)) and at least 4 other countries (additional to the next listed (Montenegro)) under NDA (according to their presentation (given by Strategic Advisor Anthony Welfare) at the Digital Euro Conference March 31, 2023), now is building one for Montenegro (which (functionally reminiscent of Palau) is a Euro microstate which is outside the EU (but uses the Euro as its national currency (noticing a trend?))), was chosen by the Hong Kong Monetary Authority for the pilot program creating the e-HKD (Hong Kong's prospective CBDC) which will be built on Ripple's CBDC platform (as will all other prior and new CBDC projects) which they announced launch of at the same time as they announced e-HKD (demonstrating through the use case of equity release (reverse mortgage) in real estate (worth emphasizing the significance of this use case being the tokenization of hard assets (and not just generally a currency flow) and particularly real estate which is the largest  global commercial market and particularly Hong Kong (which, Hong Kong, is basically the offshore financial supercenter of China), China being the largest real estate market by marketcap in the world, and in profound over-leveraged-capital-flight-and-crushed-consumer-led-insufficient-investment crisis as of the time of e-HKD announcement)) which according to Ripple's CTO (again, one of the original developers of the ledger) "reaffirms the importance of the XRP ledger as its built with the same core ledger technology. It has the ability to interact with the XRP ledger and use XRP as a bridge currency for cross-currency and cross-border payments (it's also worth noting here that Ripple, according to their CEO Garlinghouse, has spent $200 million in the lawsuit to specifically secure the US non-security status of XRP (some people question dumbly if they would use it (Ripplenet (33% more cost efficient than traditional settlement rails) is also 27% more cost efficient (than traditional rails in addition to the base 33% Ripplenet in general gives) using XRP in high volume (low liquidity) than not and an additional 9% even in low volume high volatility (like right now, speculative market behavior pre-mass utility) due to settlement speed (which, again, 4 seconds, is a MASSIVE consideration and improvement alongside costs (literally best of both ends))))), was ranked number 1 company in CBDCs by leading research firm Juniper Research (in their 3/13/2023 report), beating out Visa, Mastercard, Consensys, R3, Stellar, etc., bought a 40% stake in the largest remittance provider "Moneygram of Asia" Tranglo, XRP was used by Moneygram itself to process payments with written notice to the SEC pre-lawsuit and still has payment rails established (and widely speculated as one of Ripple's mentioned undisclosed partners allotted partnership amounts of XRP waiting to implement use), has a former advisor (Michael Barr) who also was named a volunteer member of Biden's Presidential Transition Agency Review Team to support transition efforts related to the United States Department of the Treasury. It was widely suspected Biden would pick him to be Comptroller of the Currency. He is noted as a chief architect of Dodd Frank and as such faced significant opposition by regulators and the financial sector, being called "Wallstreet's Nemesis" by Bloomberg Businessweek and was appointed Vice Chair for Supervision at the Federal Reserve (July 19, 2022), has a former exec (Dilip Rao) as Program Director and chief in charge of Australia's CBDC project, has regulatory clarity in multiple non-US major economies (as implied by the partnerships but made explicit in Canada, the UK, Japan, Switzerland, Singapore (Switzerland of the East), UAE (XRP declared to be "Sharia" (required for banking in islamic countries) by official Shariyah Review Bureau) having additionally been included in a license of CoinMENA, a crypto exchange serving the Kingdom of Bahrain, United Arab Emirates, Saudi Arabia, Kuwait and Oman (other featured assets being Bitcoin, Ethereum, Bitcoin Cash, and Litecoin (notably (with addition of Ethereum Classic) this is the EXACT list of cryptos offered in Ripple's Liquidity Hub)), Canada, all of whom use XRP for their flagship product "On Demand LIQUIDITY" (having launched such a service exactly now monetarily speaking, also launching an enterprise grade solution for liquidity/institutional investing in crypto specifically called "Liquidity Hub."). As of 2018  they were already used in 38+ of the largest 100 banks and multiple region-bridging and dominating staple central banks, are specifically an early added and oft cited in bank/payment whitepapers SWIFT (who crucially publicly stated they will not create a digital currency to compete) compatible DLT on the pacs.008 messaging definition basis (designated specifically for DLTs). They are partnered with over 300 financial institutions (including Bank of America, American Express, Volante, Azimo, Mastercard, Santander, Novatti, BNY Mellon, Standard Chartered, HSBC, Accenture (Technology Delivery Partner of the Bank of England's new Real Time Gross Settlement payment system), Amazon Web Services (also publicly declared intent to use of Interledger Protocol for interoperable cross-chain (and presumably cross-currency in general) payments) PNC, SBI Holdings, Bank of England (UK's central bank), Federal Bank of India (India's central bank), Central Bank of Singapore (also with Ripple as part of Mojaloop Foundation), Bank of Tokyo-Mitsubishi UFJ (Japan's biggest bank), the Japan Bank Consortium, Royal Bank of Scotland, National Bank of Egypt (Egypt's biggest bank), QNB Group (biggest bank in Qatar and largest financial institution in the Middle-east in general), National Bank of Abu Dhabi (largest bank in Abu Dhabi), Siam Commercial Bank (Thailand's biggest (and first) bank), Canadian Imperial Bank of Commerce, Attijariwaffa Bank (biggest bank in Morocco), Itaú Unibanco (Brazil's largest bank and the biggest bank in Latin America in general), Global Money Express (largest non-bank remittance provider in South Korea), Shinhan Bank (second largest bank in South Korea), Woori Bank (fourth largest bank in South Korea (XRP is also the largest volume crypto trade in South Korea in general)), National Bank of Australia, Visa (licensed by Bank of Indonesia) through Ripplenet partner Nium, FOMO Pay (member of Singapore Clearinghouse, also SWIFT member), CHIPS (largest private USD central clearinghouse in the world clearing and settling $1.8 trillion per day)+Fednow+SWIFT+all have the same Ripple partners as tech providers (Volante (chosen for Fednow payment pilot, also partnered with CHIPS and powered their first Real Time Payment transaction with their Volpay service which Fedwire also runs already), Finastra, TAS, Tenemos (all four preceding are also listed on SWIFT's website as providers for CBPR+ (defines how ISO 20022 should be used for cross-border payments and cash reporting on SWIFT network messages)), CGI, Fiorano, Eastnets, ACI (chosen for Fednow's payment pilot)), MTN Group (largest telecom company in Africa) and Orange (another African telecom), partnered through Ripple partner Flutterwave to receive payments in Cameroon, and Mojaloop in general, using Ripple's Interledger Protocol jointly on the "Mowali" wallet, aimed at "banking the unbanked," (available for any mobile money provider in Africa), MFS Africa (pan-African fintech (who themselves are partnered with Western Union), 400 million mobile wallets across 35 African countries). ODL (On Demand Liquidity) was already available in 2022 in 13 African countries (Benin, Burkina Faso, Cote d’Ivoire, Egypt, Ghana, Kenia, Mali, Niger, Nigeria, Senegal, South Africa, Togo and Uganda) per "African Blockchain Report 2022" done by CV VC with remittance corridors to the UK and US and 19 different European countries from Tanzania, Rwanda, Ghana, Kenya, Uganda through Tanzanian fintech NALA (included as one example of several which exist bridging hyper-disparate but dense remittance corridors which bridging developed and undeveloped economies, synthesizing the payment software and method in the west but launching it, once more inward towards the west) while tapering adoption and migration through regulation and coordinated and multi-system-synchronized migration schedule, regularly updated and and freely available for view in relevant bank/publicly published financial services docs or on the website of SWIFT or various central banks etc., the migration itself being well in the works and planned for years, Bitcoin (noteworthy aside: "Satoshi Nakamoto" creator(s) of Bitcoin famously said in 2009 that XRP was "interesting in that it is the only system which does something with trust besides concentrate it into a central server.") bitcoin itself (a sort of Netscape level XRP 1.0) having launched conspicuously immediately after the eurodollar system dysfunction fully manifested materially in real economy metrics (to say nothing of early financial indicators much, MUCH (years) earlier) like GDP and needed stemming in 2008-2009 while this all was worked out and played out downstream in an ordered and constrained/controlled way)). It's also worth noting Ripple requires no central clearinghouse (and therefore no associated payment frictions or wait times or correspondent banking staff (XRPL settles in 4-8 seconds for substantially less than a penny per transaction (current crossborder payments can take a week (it would literally be faster often times to load the physical bills onto a plane and fly it to its destination) and on average eats up 7% of principal (can be SUBSTANTIALLY more through more disparate or high friction channels)) and Ripplenet once usage ramps and volatility correspondingly drops can save up to 60% on processing costs to remitters and can already, even in current volatility and levels of use, save 42% consistently vs. traditional solutions)), has a decentralized exchange built into the ledger, will have both an automated market maker and order book and has a feature known as "rippling" which, per XRPL.org:
"In the XRP Ledger, "rippling" describes a process of atomic net settlement between multiple connected parties who have trust likes for the same token. Rippling is essential, because it allows users who hold tokens to send those to each other with the issuer as a passive intermediary. In a sense, rippling is like a passive, two-way exchange order with no limit and a 1:1 exchange rate for two tokens with the same currency code but different issuers. Rippling only occurs along the paths of a payment. Direct XRP-to-XRP payments do not involve rippling. For non-issuing accounts, rippling can be undesirable because it lets other users shift obligations between tokens with the same currency code but different issuers. The No Ripple Flag disables rippling by default when others open trust lines to your account, unless you enable rippling by default using the Default Ripple Flag," which, has very obvious benefits and fundamental appeal as a monetary unit and system of account and exchange generally and value tokenization generally. Additionally, the XRPL has never had a single service outage in 12 years (as opposed to traditional payment settlement  and messaging networks like SWIFT which all have multiple times across the same timeframe) and famously works offline.

Additional stuff worth knowing:
Ripple hired 2 former senior White House advisors (Gene Sperling (hired 2015 at same window as Fed lawyers) and Michael Warren (Obama WH, hired 2022)), hired former CFO of Paypal (Bret Allenbach, also in 2015), hired former CEO of the DTCC as advisor (Donald Donahue, also hired in 2015), hired former Chief Business Officer at Uber (Brooks Entwistle, hired 2021) as Managing Director of the APAC region (Prior to Uber, he spent >18 years at Goldman Sachs, rising from associate to Managing Director and Chairman of GS' unit in Southeast Asia), hired former Amazon Vice President of Delivery Experience (Devraj Varadhan, also hired in 2021h as Senior Vice President of Engineering), hired former Business Director at SWIFT (Sarjan Delatinne, hired 2017) as Sales Director for Europe, hired 2 former SEC lawyers to represent them in lawsuit versus SEC (Andrew Seresny, former Director of Enforcement) and former SEC Chairwoman (Mary Jo White) to represent them in a civil lawsuit relatively early in their company's history.