VersaBank Launches Blockchain Vault for Cryptocurrency

VersaBank aims to design a blockchain based digital deposit box, so customers will be able privately store their digital valuables, including cryptocurrencies
25 January 2018   343488

VersaBank, a Canadian chartered bank, announced on Tuesday that it is developing a blockchain based vault initiative to securely store digital property and has hired Gurpreet Sahota as Chief Architect of Cyber Security.

Bitcoin and other cryptocurrencies are quickly gaining popularity and holders have already experienced their valuable holdings vanish from the less secure ‘digital storage’ options. Banks have always been known as the safest place to store physical valuables and it is our aim to make VersaVault the safest place to secure your digital valuables, with absolute privacy.

 

David Taylor

President & CEO, VersaBank

Gurpreet Sahota has extensive experience in cyber security and is a global leader in this field, the company said. Gurpreet will also head up a team made up of software engineers, experienced in both the development and integrity of cyber security solutions, to design a blockchain based digital deposit box, called VersaVault, so customers will be able privately store their digital valuables, including cryptocurrencies.

The company added that the VersaVault will be available to customers globally.

Binance to Add WeChat and Alipay Support

According to the anonymous sources of The Block, the feature is in the testing stage for Android users
10 October 2019   114

Binance Exchange will add support for the largest Chinese payment systems WeChat and Alipay.

Referring to informed sources, The Block reported that this option is currently being tested for Android users, and will soon become available for iOS and the desktop version of the trading platform.

Note that in China, the activities of cryptocurrency exchanges were officially banned at the end of 2017. However, residents of the country are actively using P2P and OTC platforms to buy bitcoin.