A Tiny|A Little} Canadian Bank Reveals 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 declared the recruiting of a Chief Architect of Cyber Security to supervise a team of engineers in developing a innovative Blockchain-based digital security deposit box, alluded to as the VersaVault. The service will be available by June and will serve as a means to store cryptocurrencies.
It is well-known that physical monetary 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 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 undiscovered how reliable a “blockchain-based” crypt will be compared to basic hard drives