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Bitvendo, the company that provides Bitcoin ATM facilities here, has formed a partnership with Merrion Vaults to provide a safe deposit facility for the digital currency.

Giles Byrne, head of marketing with Bitvendo, said Merrion Vaults was a natural partner for the group as there was a demand from holders of Bitcoin for somewhere to store their digital currency safely. “We have encrypted wallets inside the vaults. If you want to send bitcoin into those wallets, they are stored offline in an encrypted format where nobody can hack them.”

As an owner of a Safe Deposit Box facility, I constantly get asked the question “What is typically stored in a Safe Deposit Box?”

Firstly, I would like to state that we never know what a customer stores in their Safe Deposit Box. Each box contains a tray similar to the image attached. When a customer arrives at our facility, they remove the tray from the Safe Deposit Locker and take it to a private viewing room where there are no cameras and total privacy.

We generally advise clients to store items of value, items that are of sentimental value and items that are very difficult to replace if lost or stolen.

Typical Items Stored in a Safe Deposit Box include: