Australia’s First Cryptocurrency Vault to be Launched
Decentralised Capital has become the first company in Australia to launch a so-called cryptocurrency vault for long-term cold storage. This would be the first ever cold storage vault of its kind to store digital assets in the nation.
The service will be provided by the blockchain assets and Investment Company Decentralised Capital, in partnership with the provider of vault and safety deposit boxes Custodian Vaults.
The move to create the vault is geared to facilitate Australia’s growing crypto industry, providing a much-needed solution for those who are in desperate need of digital currency storage.
According to Stephen Moss, founder, and director of Decentralised Capital, the new crypto vault is expected to take advantage of Australia‘s growing market for digital currency storage solutions, and it is a sign that bitcoin is a bona fide long-term asset.
Moss further stated;
“This is a solution for the next phase of the industry and it gives real security […] You can’t hack your way into the safe […] In my opinion bitcoin will not be remembered as the bubble, but the pin,“ Moss said. „While the short-term future of bitcoin may be debatable, the blockchain and its benefits are not.”
The issue of security has been at the forefront of the industry following numerous cyber attacks. It has been a huge issue for the market as digital assets are prone to hackers.
The service targets high net worth individuals, institutional investors, crypto exchanges, and ICO issuers, offering them all the advantages of cutting-edge cold storage along with an in-house private WiFi room to permit safe inward and outward cryptocurrency transfers.
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