A Very small|A Little} Canadian Bank Releases 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 published the using the services of of a Chief Architect of Cyber Security to administer a team of technicians in creating a new Blockchain-based digital security deposit box, named as the VersaVault. The service will be available by June and will serve as a means to reserve cryptocurrencies.
It is common that physical investments such as precious metals be stored in Switzerland, Hong Kong, and even Singapore, but when it comes to digital equity, 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 standpoint 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 safe a "blockchain-based" crypt will be compared to traditional hard drives