New Zealand Bank ASB Invests in Local Blockchain Trade Platform
Jack Martin's original article for cointelegraph.com reduced by 53%
New Zealand's Auckland Saving Bank has invested in local blockchain startup TradeWindow. The funding, reported Aug. 13, should expedite the launch of the company's Distributed Ledger Technology trade platform.
TradeWindow CEO, AJ Smith, believes that this link-up represents one of the first times a New Zealand bank has directly invested in a technology company. "With 12,000 registered exporters in New Zealand alone, Smith says he is excited about the"major market opportunity this offers. TradeWindow has also signed exclusive partnerships with digital documentation service, Prodoc and New Zealand-based Independent Verification Services.
New Zealand becoming increasingly blockchain and Bitcoin friendly. Yesterday, CoinTelegraph reported that the New Zealand tax office issued a ruling that cryptocurrency salaries being both legal and taxable.
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