A Small|A Little} Canadian Bank Introduces Digital Wallet For Bitcoins.
VersaBank, a Virtual Canadian chartered bank, is providing 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 supervise a crew of designers in developing a novel Blockchain-based digital security deposit box, labeled as the VersaVault. The service will be available by June and will serve as a means to protect cryptocurrencies.
It is very common that physical monetary assets such as precious metals be stored in Switzerland, Hong Kong, and even Singapore, but when it comes to digital 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 undiscovered how reliable a "blockchain-based" crypt will be compared to old fashioned hard drives