Mon. Feb 18th, 2019

Canadian Bank to launch “Deposit Box” for crypto-currencies

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Nov 9 – VersaBank claims to have finished the beta testing for a “digital vault” which can hold crypto-currencies.

The “digital safety deposit box” named as VersaVault is aiming to attract crypto-currency exchanges and funds as clients.

Functions for the same are anonymous and safe as the bank itself cannot open the “digital boxes” or know their contents since they are spread all over the world on servers.

“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,” David Taylor, president and CEO of VersaBank and VersaVault commented in the press release, adding:

“…The VersaVault will now begin rolling out services to crypto-currency exchanges and crypto investment funds.”

The move takes the relatively unknown VersaBank along the same trajectory as several players in Europe.

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