Blockchain-powered safety deposit boxes can store your cryptocurrency, says Versabank

IT World Canada

People who collect cryptocurrencies typically do so to move away from traditional banking systems, but Versabank is welcoming them with open arms.

“We’re a very unusual bank,” David Taylor, Versabank’s president and CEO told, acknowledging the hesitation owners of cryptocurrency have towards storing their digital currency in a bank. But the London-based Versabank – a Canadian, branchless chartered bank – lives in the digital world, and its upcoming service, a safety-deposit box system called VersaVault, is completely digital as well.