Canadian Bank to Offer Secure Vault for Cryptocurrencies
VersaBank Inc., Canada’s smallest bank in terms of assets, is responding to the need for digital asset security by creating a digital vault that will be available by June.
The bank recently hired Gurpreet Sahota, a cybersecurity expert, from Blackberry Ltd., a company long seen as an encryption and security leader. Sahota will oversee the design of the “VersaVault” that will store digital assets on computer servers, according to Bloomberg.
David Taylor, VersaBank’s CEO, said most peoples’ assets are contained in some type of digital format, be it a contract, deed or cryptocurrency.
Full article: https://www.ccn.com/canadian-bank-to-offer-secure-vault-for-digital-assets/
This will be interesting.
In my opinion it is a really good decision for the small banks to embrace cryptocurencies. When most of the large ones can only think about banning cryptos the smaller ones can capitalise on this and grow a lot faster.
This a great start!!! Whoever comes up with the safest wallet for all of our coins will be the Shiz nit!! We def need security