A bank in Canada offers safety deposit box for digital assets service

09 Nov, 2018
by Fifi Arisandi
A bank in Canada offers safety deposit box for digital assets service

Canadian bank, VersaBank announced their digital safety deposit box is ready to serve the customers.

VersaBank just released an official announcement of the successful Beta-testing of their new digital safety deposit box service, VersaVault yesterday.

Following the success, the bank is now looking forward to rolling out VersaVault's service of providing “technologically advanced digital and cyber-security solutions” that maintains the absolute privacy of the customers, as the only parties capable of accessing the digital assets being kept.

In an interview with Coindesk, VersaBank’s director of investor relations, Wade MacBain claimed that the banks has received more than 200 enquiries about VersaVault.

The bank claimed to become the front-runner in digital assets security, as the President & CEO, David Taylor said, “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.”

With more hacks to cryptocurrency wallet as well as exchanges across the world being reported, crypto investors and companies are looking for a more secure option to keep their digital assets.

Last month, a major security company, G4S announces their newest product of crypto cold storage vault, which they claim as hackproof and completely secure.

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