An Unknown|A Little} Canadian Bank Introduces Digital Wallet For Bitcoins.
VersaBank, a Virtual Canadian chartered bank, is starting an innovative “Blockchain-based digital safety deposit box” for bitcoin and other cryptocurrencies .
the Bank announced the hiring of a Chief Architect of Cyber Security to watch over a staff of developers 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 protect cryptocurrencies.
It is common that physical possessions such as precious metals be stored in Switzerland, Hong Kong, and even Singapore, but when it comes to electronic possessions, 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 unheard of how protected a "blockchain-based" crypt will be compared to old fashioned hard drives