An Unknown|A Little} Canadian Bank Reveals 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 revealed the recruiting of a Chief Architect of Cyber Security to administer a group of designers in developing a innovative Blockchain-based digital security deposit box, labeled as the VersaVault. The service will be available by June and will serve as a means to manage 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 virtual equity, 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 unidentified how more reliable a "blockchain-based" crypt will be compared to standard hard drives