An Insignificant|A Little} Canadian Bank Reveals Digital Safe Storage For Bitcoins.
VersaBank, a Virtual Canadian chartered bank, is presents an innovative “Blockchain-based digital safety deposit box” for bitcoin and other cryptocurrencies .
the Bank published the hiring of a Chief Architect of Cyber Security to organize a crew of engineers in developing a innovative Blockchain-based digital safety deposit box, named as the VersaVault. The service will be available by June and will serve as a means to store cryptocurrencies.
It is usual that physical assets such as precious metals be stored in Switzerland, Hong Kong, and even Singapore, but when it comes to virtual assets, could the country of choice soon be Canada? President and CEO David Taylor sure hopes so, and has positioned the bank to become a global leader in digital asset security from the standpoint of safety.
. “The bank wouldn’t have any kind of back door to open up the vault, we’re just providing the facility that folks could put their digital keys in.”
It is yet not known how safer a "blockchain-based" crypt will be compared to conventional hard drives