James Turk’s GoldMoney group has launched a new digital currency company (Netagio) in the UK which will offer free secure and encrypted storage for digital currencies such as Bitcoin.
Netagio will store customer’s Bitcoins securely offline to prevent unauthorized access.
If successful, the concept could be a game-changer for ex-patriates looking to relocate with their wealth as well as those attempting to escape capital controls as the Western financial system continues its slow-motion collapse.
The GoldMoney group launches a new digital currency-focused company in the UK. Netagio Limited (Netagio) will be offering Europe’s first free ‘cold’ storage service for digital currencies, such as Bitcoins.
This new business is a completely separate undertaking to GoldMoney’s well-established precious metals business based in Jersey. The new business benefits from the group’s experience in trading and storing US$1.4billion in precious metals for its customers in secure vaults operated by specialist storage providers around the world.
Bitcoins are a peer-to-peer digital currency which can be exchanged for national currencies, and they have seen increased investment interest after the value against the pound rose exponentially in the last 12 months.
One of the biggest risks associated with Bitcoin holdings is their storage. Netagio will keep a customer’s holding securely offline and protected against unauthorised access: “Utilising our thirteen years experience in the secure purchase and storage of precious metals, we wanted to make storing digital currency is just as easy and secure,” said Geoff Turk, CEO, the GoldMoney group. “Netagio is the only Bitcoin wallet service in Europe to offer this type of free offline storage service, involving security best practices and strong encryption to give customers comfort and security, and all the while being backed by a reputable company who you can trust.”
To start using the service, Netagio customers simply create a free account on Netagio’s own website, netagio.com <http://netagio.com> , verify their identity and start transferring Bitcoins in and out of the offline storage vault. Netagio will also give customers the ability to buy and sell Bitcoin, as well as other asset classes, directly through its platform in the near future.