World's First Bitcoin Insured Vault is Launched

A bitcoin storage service that is insured against the loss and theft of the digital currency has launched in London.

The facility's founder claims it is the 'first in the world' to offer insurance for Bitcoin owners.

The 'Epic Vault' uses deep cold storage where private encrypted keys are stored on offline servers and in a secure location.

Elliptic co-founder Tom Robinson said "One of the main concerns people have with Bitcoin is that it's quite difficult to store securely.

"Offering people an insured storage service seemed an obvious step."

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