The GoldMoney group has launched a new digital currency-focused company in the UK.
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 precious metals business based in Jersey. The new business benefits from the group’s experience in trading and storing USUSD1.4bn in precious metals for its customers in secure vaults operated by specialist storage providers around the world.
Bitcoins is a peer-to-peer digital currency which can be exchanged for national currencies. It has 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 its storage. Netagio will keep a customer’s holding securely offline and protected against unauthorised access.
"Utilising our 13 years’ experience in the secure purchase and storage of precious metals, we wanted to make storing digital currency is just as easy and secure," says Geoff Turk (pictured), CEO of 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."