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World's first bitcoin storage vault opens in London

World s first bitcoin storage vault opens in London Telegraph


A “deep cold storage” service for bitcoins which promises to protect against hackers or accidental loss has launched in London.

Elliptic Vault claims to be the world’s first insured Bitcoin storage service, with Lloyds of London underwriting any loss or theft for a fee of around two per cent each year. Customers specify a limit to their cover in pounds, so if the value of bitcoins rises quickly against sterling they will need to raise their premiums.

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I wonder how many Bitcoins are bought by people who never intend to sell them.

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