In the Media

London Firm Banks on Virtual Safety Deposit Boxes

London Free Press

The image of bank customer entering a secure, steel-walled room behind a cage and locking valuables into a safety deposit box, just may be going the way of the dodo, and a London bank is part of that change.

VersaBank, the online bank headquartered in London, will offer an online safety deposit box, even more secure than the ones now located in bricks and mortar banks, president David Taylor, said Tuesday.

Called VersaVault, think of it as a place to keep your bitcoin safe.

“We are taking a traditional safety deposit box, like banks have had, and applying digital technology to it. It has the same characteristics, but it is better. It is virtually impregnable,” said Taylor.

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