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OWNERS OF BITCOIN will now have a new, safer way to store the crypto-currency after the first secure Bitcoin cold storage service.
The service is the result of a partnership between two Irish companies BitVendo, which provides ATM facilities for bitcoins in Ireland, and Merrion Vaults, a safe deposit box facility which was first set up last year.
Cold storage allows people to store a reserve of bitcoin offline, away from web servers or any other computer.
The service is normally used to keep large amounts safe and protects it from being robbed or stolen through a hack or security breach.
The partnership was formed after a number of traditional banks in the country have opted not to provide accounts for bitcoin due to the nature of the business.
The founder of Merrion Vaults, Seamus Fahy, welcomed the move saying it “will meet the need to make a secure, safe deposit box facility available to Bitvendo’s unique client base.”
So far, Bitvendo has one bitcoin ATM located in GSM Solutions, which also trades and pays its staff in bitcoin, in Dublin and hopes to expand the service to other parts of the country.
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Terrible. RIP
So close to retirement age too. Very sad.
An absolute gentleman. RIP.
@Tony Murphy: was he a builder or air crew staff
Tragedy. RIP.
A Gentlemen and lovely neighbor, what a tragic loss, our sincere sympathies to all the family
Sadly rip & close to Christmas and sympathy to family
He was a well respected trainer who loved and lived for his job A man I had the pleasure to work with RIP Dickie SHINE BRIGHT LIKE A DIAMOND
A Gentlemen and lovely neighbour, what a tragic loss, our sincere sympathies to Threse and family
Less than a year to retirement. Awful just awful
Gentlemen and lovely neighbour, what a tragic loss our sincere sympathies to Threse and family
RIP to this elderly gentleman. I am always appalled at workplace deaths – every person has the right to go to work and return home safely
Rip terrible so close to Christmas. How be good to him.
Very sad news to hear. I worked with Swissport as a loader and can only imagine the heartache…………………
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