Absa Partners with Ripple for Crypto-Currency Deal
Big-four bank Absa has entered into a strategic partnership with Ripple, a provider of digital asset infrastructure for financial institutions.
Through the partnership, Absa will leverage Ripple’s digital asset custody tech to deliver storage for tokenised assets, including crypto-currencies.
- Absa becomes Ripple’s first major custody partner in Africa through this collaboration.
- The partnership responds to the growing demand for secure, compliant digital asset infrastructure across emerging markets.
The bank says this partnership will provide digital asset custody to its customers in South Africa.
Absa will leverage Ripple’s digital asset custody technology to deliver storage for tokenised assets, including crypto-currencies.
Absa is responding to the growing demand for digital assets.
Author summary: Absa partners with Ripple for digital assets.More News
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