Bayside Corp (OTCMKTS:BYSD) announced the launch of Vault 51 In Switzerland. The news was disclosed by the subsidiary arm Bitcoinz USA. Vault 51 can be defined as a secure offline storage space for Bitcoin. The company has even introduced the official pages for offline storage on social media websites including Twitter Inc (NYSE:TWTR).
The launch of Vault 51 is a part of Bayside Corp (OTCMKTS:BYSD)’s business strategy for expanding its operations on the international platform. The Vault 51 website is made available in various languages including German, Italian, and French. Previously, the company’s website was functional only for the US, UK, and Canada customers. As per the latest report, more than 100,000 merchants across the globe now recognize Bitcoin and other crypto-currencies.
The management view
Gordon Johnson, the CEO of Bayside Corp (OTCMKTS:BYSD), said that the company has introduced Vault 51 in new regions at the most accurate time. It enables Bayside to benefit from growing Bitcoin eco-community. The customers in Switzerland will now be able to purchase Bitcoin through Bayside’s Vault 51 website. The company is working on expanding Vault 51’s social media presence on its official pages. It is a part of marketing and sales strategy to promote offline storage to international clients.
Vault 51, as named by Bayside, is an offline storage system meant for Bitcoin users. The storage system is represented by a Physical Bitcoin. The electronic form is then stored offline in a safe and secured chip, and embedded in a physical location that remains unconnected to the internet. The entire process of storage is termed as cold storage. The objective of Vault 51 is to avoid hacking, theft or loss of crypto currency.
Bayside Corp (OTCMKTS:BYSD) manages several subsidiary firms operating in different business industries. The company believes that the future is now, and all the measures taken today will leave a long lasting impact on future generation.