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Blockchain Canada’s VersaBank Reveals Plans for Blockchain-Based ‘Digital Vault’ Service


Canada’s all-digital bank, VersaBank is currently working on a “blockchain-based digital safety deposit box” as part of an effort to exploit the technology for new services.

According to an announcement made on Tuesday, dubbed as the VersaVault, the service will function as a device to store cryptocurrencies and other types of digital property. The product symbolizes some sort of an expansion for the Canadian bank, which doesn’t run any physical branches. The bank is primarily focused on deposits and financing. VersaBank was established in the early 80s and is publicly traded on the Toronto Stock Exchange…

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