VersaVault: Decentralized Blockchain Safety Deposit Bank Box?
What Is VersaVault?
VersaVault is an innovation of the VersaBank, a Canadian based digital bank. The blockchain enabled platform seeks to offer digital safety box services. Through this Cryptocurrency users can store their crypto treasures and other forms of digital properties for later use. The development of this first safety box decentralized platform come as a proof that technology is rapidly taking effect in every sector.
The Bank currently trades at Toronto Stock Exchange with an increasing stock price of 5%
How VersaVault Blockchain Safety Deposit Bank Box Works
Having been built on blockchain technology, VersaVault gives its users the convenience of storing their cryptocurrencies and digital properties, from anywhere in the world. And just like the classic traditional safety boxes, this platform offers an avenue of digital goods storage, for better security. Through this, users can track their goods and ensure they remain safe at any time of the day, using unique codes provided by the blockchain system.
The company seems to be at the top of this exciting services due to its excellent reputation and credibility, a thing that’s missing in similar service providers. Furthermore, according to developers of VersaVault, the safety boxes get designed with all safety and privacy precautions in mind. Users can relax knowing their valuables are in a safe environment, with access permission limits to only the owners.
Additionally, like all blockchain enabled platforms, users stand to benefit from transparency and integrity that comes with the digital safe box move. We, however, don’t have information as to whether there a limit to the value of treasures per user. The step seems like a great idea especially to Cryptocurrency investors for they have been locked out of such reliable services for long. And if the claims of VersaBank come to pass, expect more fun and better days in Crypto in the coming days.
Should I Join VersaVault?
Over the years, the use of safe boxes has been the norm in most households. Therefore, the introduction of a digital safe box at the present digital era seems like good news. Through this, people can now invest in intangible valuables such as digital properties and Cryptocurrencies just the same way they do to their tangible goods. Therefore, all areas of one’s life get a security cover which is essential in these times full of digital scammers.
Also, the use of blockchain gives you unique access to your property, with the ability to track any suspicious activities at whatever time and place. It means that you gain full control of your valuables thus giving you the peace of mind you require to lead a healthy life. The opportunity is also a dream come true for most Crypto lovers as they have a trustworthy partner, in the banking industry. The bank seems to take the matter seriously through the inclusion of cybersecurity experts in this project.
However, even with all these lucrative benefits, we cannot afford to lose focus on the fact that this is pretty new undertaking. And the same way not all people trust traditional safe boxes, the same applies to the digital ones. So, this might take some time to pick. But all the same, we all know that all businesses have their own set of risks, so if this one interests you, nothing is stopping you from investing. After all, there is much to gain than lose.
The VersaVault project comes at a time when change is inevitable in all sectors. The project benefits from first-hand credibility for being an innovation of a world-trusted bank. However, there is limited information on the features in their official website for a sound conclusion at the moment.