Australia's Trade Alliance Eyes Partnership with Ripple
Date: 2023-10-07 Author: Dima Zakharov Categories: BLOCKCHAIN, IN WORLD
Australia's Trade and Freight Alliance may soon join forces with Ripple Foundation, according to Paul Zalai, the head of the trade conglomerate. During an interview with YouTube channel Think Global Logistic, Zalai suggested that his conglomerate is considering a partnership with Ripple in the foreseeable future.
Zalai, while admitting his limited knowledge of cryptocurrencies, mentioned that his son is well-versed in the field and has recently invested in Ripple stocks. However, he acknowledged the complexity and risks associated with cryptocurrency investments.
The leader of Australia's Trade and Freight Alliance revealed that Ripple Foundation had approached them previously when their legal battle with the SEC was at its peak. At that time, the organization declined Ripple's request, citing legislative risks.
"I'm not an expert in blockchain technologies," admitted Zalai. "Ripple Foundation approached us when the fight with the SEC was in full swing, and our position at the time was that they could only engage with our organization after resolving the conflict. However, they have achieved a fairly positive outcome in their dispute with the American regulator."
Zalai emphasized that the Australian Trade Alliance is open to considering proposals from Ripple. He also praised the technology offered by the blockchain startup, noting that local financial institutions have shown a keen interest in it.
Australia's Trade and Freight conglomerate is a major player in the local market, specializing in facilitating cross-border supply chains and offering a wide range of services to importers and suppliers. Meanwhile, despite its prolonged conflict with the SEC, Ripple Foundation continues to actively expand its presence in the global digital finance ecosystem.
Zalai, while admitting his limited knowledge of cryptocurrencies, mentioned that his son is well-versed in the field and has recently invested in Ripple stocks. However, he acknowledged the complexity and risks associated with cryptocurrency investments.
The leader of Australia's Trade and Freight Alliance revealed that Ripple Foundation had approached them previously when their legal battle with the SEC was at its peak. At that time, the organization declined Ripple's request, citing legislative risks.
"I'm not an expert in blockchain technologies," admitted Zalai. "Ripple Foundation approached us when the fight with the SEC was in full swing, and our position at the time was that they could only engage with our organization after resolving the conflict. However, they have achieved a fairly positive outcome in their dispute with the American regulator."
Zalai emphasized that the Australian Trade Alliance is open to considering proposals from Ripple. He also praised the technology offered by the blockchain startup, noting that local financial institutions have shown a keen interest in it.
Australia's Trade and Freight conglomerate is a major player in the local market, specializing in facilitating cross-border supply chains and offering a wide range of services to importers and suppliers. Meanwhile, despite its prolonged conflict with the SEC, Ripple Foundation continues to actively expand its presence in the global digital finance ecosystem.
