Australia develops the very first safe dedicated to crypto-currencies

Decentralized Capital, Blockchain, the Australian investment and financing company, will soon be the first vault for crypto-currencies, in partnership with the Custodian Vaults depository group. Security remains the watchword of the company, while taking advantage of Australians' growing demand for digital currency storage solutions.

Take advantage of the growing expansion of cryptocurrencies in Australia

Decentralized Capital and Custodian Vaults create the first virtual currency cold storage safe in the country. Stephen Moss, founder and director of Decentralized believes that the company should take advantage of the booming industry. Moreover, according to him, Bitcoin is by no means a bubble ready to explode.

"It's a solution for the next phase of the industry, and it gives real security. You can not fight your way into the safe, "said Moss.

"In my opinion, we will not remember Bitcoin as a bubble, it is rather a pin. While the short-term future of Bitcoin may be debatable, the Blockchain and its benefits are not. "

This initiative will undoubtedly accelerate the growth of cryptocurrency companies . It provides an essential storage solution for some users. The introduction of the first virtual money safe comes at a time when Bitcoin is becoming a trusted asset in the long run.

Focus on security

Knowing that digital sources are exposed to computer hackers of all kinds, security is one of the main concerns of the industry.

The exchange platform cryptocurrency Coincheck was robbed last January. A total of $ 530 million in NMS was stolen from the Japanese stock market.

Although security measures are optimized at best, solutions such as storage via an off-line external hardware device can be stolen.

In addition, the new safe should allow customers direct access to their funds. It includes physical surveillance, biometric identification, PIN codes, CCTV monitoring, alarm systems and fire fighting.

If these lines of defense fail, crypto-currencies are insured. However, no information on the possible decentralization has been disclosed for the moment.

The clientele targeted by Decentralized Capital would include institutional investors and wealthy investors, as well as stock exchanges.
Janie Simpson, Pallion's director, said:

"While we have traditionally offered secure vault services for customers who store precious metals and other assets, we are seeing more and more interest from customers looking for crypto storage solutions." -monnaies. "

What do you think of the concept of safe that can store cold cryptocurrency holdings? Tell us your opinion in the comments section below.