Ripple is partnering with banks and financial institutions to improvise cross-border payment solutions. It is a part of Federal Reserve’s Faster Payments Task Force Steering Committee and co-chairs the W3C’s Web Payments Working Group. Fidor Bank AG was the first bank to integrate the Ripple protocol for real-time global settlement in 2014. Today, some of the most prominent global banks including Standard Chartered, National Australia Bank (NAB), MUFG, Bank of America Merrill Lynch, Santander, Royal Bank of Canada and CIBC are a part of its growing network.