Absa launches digital asset custody service with Ripple support
Absa Bank in South Africa has launched a service to custody digital assets for institutions using Ripple technology, including cryptocurrencies and tokenized real-world assets
The move strengthens Ripple’s presence in the African banking sector and could be positive for XRP in terms of institutional adoption, especially with the potential to support custody and settlement services for digital assets
A new step toward integrating Ripple technology and digital assets into the African banking system, but its direct impact on the price of XRP will depend on the actual level of usage
Absa Bank in South Africa has launched a service to custody digital assets for institutions using Ripple technology, including cryptocurrencies and tokenized real-world assets
The move strengthens Ripple’s presence in the African banking sector and could be positive for XRP in terms of institutional adoption, especially with the potential to support custody and settlement services for digital assets
A new step toward integrating Ripple technology and digital assets into the African banking system, but its direct impact on the price of XRP will depend on the actual level of usage
