An Unknown|A Little} Canadian Bank Introduces Digital Vault For Bitcoins.
VersaBank, a Virtual Canadian chartered bank, is setting up an innovative “Blockchain-based digital safety deposit box” for bitcoin and other cryptocurrencies .
the Bank reported the recruiting of a Chief Architect of Cyber Security to administer a staff of engineers in developing a new Blockchain-based digital safety deposit box, alluded to as the VersaVault. The service will be available by June and will serve as a means to secure cryptocurrencies.
It is standard that physical possessions such as precious metals be stored in Switzerland, Hong Kong, and even Singapore, but when it comes to digital investments, 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 perception 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 unheard of how protected a "blockchain-based" crypt will be compared to basic hard drives