GoldMoney Group Expands Business to Include Secure Storage of Bitcoin
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....
Related News
GoldMoney Group, one of Britain's largest precious metal storage firms, has added bitcoin to the list of commodities it is willing to store in its vaults. Established in 2001, the firm currently stores precious metals worth in excess of $1.4bn in secure vaults across five countries. Today sees GoldMoney launch Netagio - a spin-off business that offers a cold storage solution for bitcoins. Cold storage is a form of offline storage where bitcoins are encrypted on storage devices and placed in secure vaults. Pros and cons. Security is the most obvious benefit of cold storing bitcoins with....
GoldMoney Group that is one of the leading precious metals storage firms in United Kingdom is including Bitcoin to its commodity vault. They hold more than 1.4 billion USD worth of precious metals for their customers, and are now creating a new venture specialized in cold storage of Bitcoin. The managing director of GoldMoney Group said this about their cold storage feature: 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. Their new venture is called Netagio and had a soft....
Bitgold Review. This Bitgold review discusses how the gold payment startup BitGold acquired the operations and intellectual property of the leading consumer gold storage company GoldMoney.com. The acquisition of the company will be in exchange for 1,169,794 common shares in BitGold, a public company trading on the Toronto Stock Exchange. GoldMoney, since its founding in 2001, has amassed 20,000 customers, 135,000 user sign ups and manages more than $1 billion in assets. In a BitGold press release, the startup said the acquisition will lower its operating cost and give them a ready-made....
Goldmoney, the gold-based savings and payments network, has launched a new platform which allows users to purchase gold held in the Royal Canadian Mint’s vault with the transaction recorded on a private Blockchain. Buyers pay a fee of 0.5% and as an added bonus enjoy free storage for up to 1,000 grams of the precious metal. Josh Crumb, co-founder and chief strategy officer of Goldmoney explains: “We were fairly early Blockchain enthusiasts and we have always been very interested in the principles of Blockchain technology. So what we did was build a platform covering what the gold industry....
By now, we are all aware of the financial calamity that has befallen Cyprus in the past three weeks. Since the deposit haircut was first announced and banks were shut down, many have lost their jobs as businesses suddenly find themselves without the means to pay anyone, others have seen their plans for retirement ruined, the economy has largely reverted to cash, and the banking sector, one of the two key pillars of Cyprus' economy together with tourism, will never be the same again. We at Bitcoin Magazine and the team behind GoldMoney GoldMoney, however, have decided to actually go to....