South Africa’s Absa Becomes First Bank on the Continent to Custody Bitcoin: Report
Bitcoin Magazine South Africa’s Absa Becomes First Bank on the Continent to Custody Bitcoin: Report South African bank Absa has become the first African lender to custody bitcoin, according to reports. As reported first by Bloomberg on Friday, the Johannesburg-based lender will serve institutional clients, mostly by custodying bitcoin — but other digital assets will also be a part of the service. Banks worldwide...
What happened
Bitcoin Magazine South Africa’s Absa Becomes First Bank on the Continent to Custody Bitcoin: Report South African bank Absa has become the first African lender to custody bitcoin, according to reports. As reported first by Bloomberg on Friday, the Johannesburg-based lender will serve institutional clients, mostly by custodying bitcoin — but other digital assets will also be a part of the service. Banks worldwide...
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The development may change operating conditions or market expectations around Bitcoin. Further confirmation and measurable outcomes matter.
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1 reports · 1 original report · 1 independent
- Bitcoin MagazinePrimary source · Supports · EN · 100%South Africa’s Absa Becomes First Bank on the Continent to Custody Bitcoin: Report ↗
Claims
- South Africa’s Absa Becomes First Bank on the Continent to Custody Bitcoin: Report Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported