Companies and adoption
Companies, banks, funds, and governments that take up Bitcoin or step back from it.
Absa of South Africa starts bitcoin custody for institutional clients
Bitcoin Magazine reports that Absa, a Johannesburg-based bank, is now the first lender in Africa to hold bitcoin for customers. It cites a Bloomberg report from October 2. The service is aimed at institutional clients and also covers other digital assets.
Why it matters for Bitcoin: Custody means a bank safeguards the keys that control bitcoin for its clients, a step banks in many countries have been taking.
Source: Bitcoin Magazine, published . Link to this item