The Australian Freight & Trade Alliance (FTA) is considering a partnership with Ripple, a fintech company known for its blockchain-based payment solutions. FTA Director Paul Zalai expressed openness to collaboration with Ripple, and while no formal announcement has been made, the international trade sector in Australia is taking notice. Ripple had previously approached the FTA but was dealing with a legal battle with the US Securities and Exchange Commission (SEC) at the time. Now that Ripple has achieved a favorable outcome in their court case, they have approached the FTA again. The FTA is exploring Ripple’s technology for real-time cross-border payments and enhanced security protocols. Major banks have also shown significant interest in Ripple’s technology. The FTA, representing stakeholders in Australia’s international supply chain sector, aligns with Ripple’s goal of enhancing cross-border payments. Despite past legal challenges, a collaboration between Ripple and the FTA could potentially revolutionize cross-border payments in Australia.

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Information	Details
Geography	Australia
Countries	🇦🇺 🇸🇬
Sentiment	positive
Relevance Score	9
People	Paul Zalai
Companies	SEC, Singapore, Ripple, Australian Freight & Trade Alliance (FTA), US Securities and Exchange Commission
Currencies	None
Securities	None