š„ Iāve Been Waiting for This Move: Ripple Just Scored Its First Real Bank Deal in Africa ā And Itās $XRP -Backed
Ripple didnāt āannounce interestā or āexplore opportunities.ā They locked in an actual integration with Absa Bank, one of South Africaās biggest financial institutions. And itās not about payment corridors this time ā itās institutional digital asset custody. Thatās real infrastructure, not PR noise.
For years, everyone kept talking about Africa as the next blockchain frontier, but no major bank was actually plugging in crypto or tokenisation tech in a serious way. Ripple just became the first to break that wall.
š¤ What really stands out is the angle: custody, not hype. This is the business banks make long-term money from ā holding tokenised assets and crypto for institutions under regulatory oversight. Absa wouldnāt risk its name unless the demand was real and the tech was trusted.
And the timing isnāt luck. South Africa is actively shaping rules for digital asset custody right now. Ripple clearly didnāt stumble into this ā they moved before everyone else saw the opening.
This is one of those deals people shrug at now and pretend they āalways knew it was bigā once the second bank signs on. Iām not waiting for that moment ā this one actually matters.