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
Source: Bitcoin Magazine
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DW NOTE
Absa's announcement arrives 218 days into a Strait of Hormuz closure that has cut global oil supply by 6% and pushed gold to $5,318 before the recent drawdown. South African banks don't custody bitcoin because the technology finally matured — they custody it because every assumption about reserve stability is being tested in real time.