Secret Vaults Store Bitcoin Savings

California-based startup Xapo offers secure offline storage for virtual currency.
3:00 | 03/14/14

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:



Skip to this video now

Now Playing:


Related Extras
Related Videos
Video Transcript
Transcript for Secret Vaults Store Bitcoin Savings
A -- -- storage vault for a virtual currency may seem like an odd idea but that is at least 2000 people are -- to protect their bitcoin Silicon Valley start called stop vote. Has set -- underground vaults secret locations completes with armed guards biometrics scanners. Where you can store your personal -- -- in offline servers ought to protect you from possible hacks. Last month the world's largest bitcoin exchanges hacked and nearly 415 million dollars in their points had gone missing. Users that use -- -- Can go around and shop with declines online as usual but if they want to withdraw the declines the -- post employee. But physically have to go into the ball -- by the -- secret code and then transfer your money. And of course -- charges a small fee for every transaction that you --

This transcript has been automatically generated and may not be 100% accurate.

{"id":22919936,"title":"Secret Vaults Store Bitcoin Savings","duration":"3:00","description":"California-based startup Xapo offers secure offline storage for virtual currency.","url":"/Business/video/secret-vaults-store-bitcoin-savings-22919936","section":"Business","mediaType":"default"}