The GoldMoney Group — which holds $1.4 billion in precious metals for its customers securely — has announced that they have started up a new business called Netagio that will allow consumers to securely store bitcoins in cold storage.
“It’s one of the safest ways of storing Bitcoin. We encrypt it several times before storing it on devices and store copies in several different locations in the UK,” said Netagio managing director Simon Hamblin.
The company already has a few customers signed up, and Hamblin predicts there will be high demand for Netagio’s services moving forward.
“We’re part of the GoldMoney group, which has 22,000 customers and a lot of those customers are interested in spreading their risk and taking an interest in Bitcoin,” he continued.
But Hamblin is prepared to move with the market. He recognizes that bitcoin may not be the end-all of digital currencies, and Netagio is prepared to allow for the storage of other cryptocurrencies.
“We believe there is a future in cryptocurrencies in general. Bitcoin might be the one, it might not be the one. We want to have a model that will allow people to buy, sell and store digital currencies,” he said.
GoldMoney’s Netagio joins recently-announced Elliptic, a Lloyds of London-backed venture that specializes in storing bitcoin safely.
As a bitcoin holder, would you be interested in Netagio’s services? (via Independent)
