The use of the physical vaults to store large sums of cryptocurrency are increasingly popular in the country of Brazil. The increasing demands from the Brazilian cryptocurrency owners have also increased the commercial business offerings in the country. Some of the packages offered by these commercial businesses for security measures also include layers of armoured doors and biometric scanners.
The Vault crypto wallet has affirmed the launch of a wallet to store non-fungible tokens and other crypto collectibles on the Apple’s App Store. Reportedly, the wallet would not list token prices or support trading of tokens. The co-founder expressed, “Our desire is to be the most used crypto wallet and sort of knock down barriers in terms of getting into the space.”
Vault, the smart contract platform, is to launch the USDVault. The USDVault is a token developed on Ethereum blockchain. As reported, ‘the token is 1:1 USD-pegged stablecoin backed by and redeemable for LBMA gold bullion stored in Swiss vaults.’ The co-founder of Vault, Ranjeet Sodhi stated, “Gold is uniquely positioned as the ideal backing for an investment-worthy stablecoin.”