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The crypto asset firm Ripple just announced a strategic partnership with a bank in South Africa. Ripple says it’s teaming up with Absa Bank to deliver institutional-grade digital asset custody services. This marks Ripple’s first major custody collaboration on the continent, enabling Absa to offer secure storage for crypto and tokenized assets amid rising institutional demand. The partnership leverages Ripple’s scalable technology to meet regulatory and security standards, supporting Absa’s customers in exploring blockchain-based solutions. Absa, which is one of Africa’s largest financial groups with operations in multiple countries, will integrate the custody offering through its Corporate and Investment Banking division. According to Ripple’s 2025 New Value Report, 64% of Middle East and Africa finance leaders are now prioritizing faster payments via blockchain technology. Follow us on X, Facebook and Telegram Source: https:/...

Binance stressed that credit and debit card payments will continue to be accepted and that non-USD bank transfers would still be processed through the SWIFT payment system. Binance has informed its retail customer base of a potential incoming service disruption that may halt on and off-ramp bank payment transfers. The service disruption will impact U.S Dollar-held bank accounts that are looking to buy or sell cryptocurrencies for less than $100,000 via the SWIFT payment system. The disruption will take effect on February 1. Binance announced the news to its “Binancians” by email on January 21, stressing that they’re now “actively seeking” a new SWIFT (USD) partner to avoid service disruptions for future bank payment transfers. The Cryptocurrency Exchange added that this was the banking partner ’s decision and that Binance wouldn’t be the only trading platform impacted by the change: “This is the case for all of their crypto exchange clients. Please be advised that until we are able t...