A Small|A Little} Canadian Bank Announce 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 announced the employing of a Chief Architect of Cyber Security to organize a team of developers in creating a unique Blockchain-based digital safety deposit box, labeled as the VersaVault. The service will be available by June and will serve as a means to manage cryptocurrencies.
It is common that physical assets such as precious metals be stored in Switzerland, Hong Kong, and even Singapore, but when it comes to virtual property, 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 unknown how safe a "blockchain-based" crypt will be compared to common hard drives