South Africa’s Absa Becomes First Bank on the Continent to Custody Bitcoin: Report

South African bank Absa has reportedly become the first financial institution on the African continent to offer Bitcoin custody services. According to a Bloomberg report, the Johannesburg-based lender will primarily cater to institutional clients by providing custody for Bitcoin, though other digital assets will also be part of its service offering. This move by Absa reflects a growing global trend of banks integrating or providing products related to Bitcoin.