A Small|A Little} Canadian Bank Presents Digital Vault For Bitcoins.
VersaBank, a Virtual Canadian chartered bank, is developing 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 organize a group of designers in creating 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 secure cryptocurrencies.
It is known that physical monetary assets such as precious metals be stored in Switzerland, Hong Kong, and even Singapore, but when it comes to electronic 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 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 unknown how reliable a "blockchain-based" crypt will be compared to normal hard drives
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