Canadian Bank Opens Deposit Box for Cryptocurrency Firms
A Canadian financial institution says its electronic protection deposit field is able for top time.
VersaBank introduced Thursday that its new VersaVault mission had effectively finished beta trying out. The digital-only financial institution plans to supply the digital lockbox to cryptocurrency exchanges and crypto funding budget to retailer electronic belongings.
Director of investor family members Wade MacBain advised CoinDesk that the financial institution has already won over 200 inquiries about VersaVault.
In a observation, VersaBank CEO David Taylor added:
“While many are considering ideas and plans for a digital safety deposit box, we have designed and built it, and are now commercializing a first of its kind service that provides our clients with the most sophisticated security and authentication technology available globally, in which our clients enjoy absolute privacy.”
VersaBank enlisted Gurpreet Sahota, previously the fundamental architect of cybersecurity at smartphone maker Blackberry, to spearhead the mission again in January.
“Bitcoin and other cryptocurrencies are quickly gaining popularity and holders have already experienced their valuable holdings vanish from the less secure ‘digital storage’ options,” the financial institution stated in a observation previous this yr.
Safety deposit field symbol by way of Shutterstock
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