An Insignificant Canadian Bank Presents Digital Wallet 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 revealed the using the services of of a Chief Architect of Cyber Security to administer a staff of technicians in developing a unique Blockchain-based digital security deposit box, known as the VersaVault. The service will be available by June and will serve as a means to secure cryptocurrencies.
It is traditional that physical possessions such as precious metals be stored in Switzerland, Hong Kong, and even Singapore, but when it comes to virtual properties, 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 perspective 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 proven how more reliable a "blockchain-based" crypt will be compared to conventional hard drives