A Very small|A Little} Canadian Bank Releases Digital Wallet 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 published the appointing of a Chief Architect of Cyber Security to supervise a staff of technicians in developing a innovative Blockchain-based digital safety deposit box, labeled as the VersaVault. The service will be available by June and will serve as a means to reserve cryptocurrencies.
It is well-known 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 position 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 safe a "blockchain-based" crypt will be compared to basic hard drives