The Bank of The Future Will Offer "Deep Cold Storage" for Bitcoin
Jan 13, 2014 19:01
In the future, we'll have virtual vaults. And that future is now. There's one that stores Bitcoin. But wait. Doesn't that sound silly? It already is a virtual currency already, so why do we need a vault for it?
Elliptic Vault, a company offering this, says that the service is not only to protect your bitcoin fortune, but also insures it in the event of loss or theft. How they will be protected are unclear just yet, but Elliptic did say it will generate private keys for each customer that will be stored in multiple locations.
Sounds like the bank of the future is making its debut already. [Telegraph Image via Flickr]
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