Monday, March 02, 2015 9:15:58 PM
DALLAS, TX--(Marketwired - Mar 2, 2015) - Bayside Corp. (OTC PINK: BYSD) today announced through its subsidiary company Bitcoinz USA, the official launch of Vault 51, a secure offline storage for Bitcoin in Singapore. Additionally, Bitcoin is also available for sale to consumers in Singapore through the Vault 51 website. The launch is part of the initial steps in the company's Vault 51 international expansion plan in Asia.
Currently, Asia represents 60% of the world population and 20% of the world economy. "The launch in Singapore represents an exponential amount of potential for Vault 51's first stop in Asia. In the long run Asia offers many intriguing possibilities as we continue to see the number of merchant adoption grow in that region."-Gordon Johnson, CEO Bayside Corp.
Vault 51 is an offline storage system for Bitcoin users, which is represented by a Physical Bitcoin. The electronic Bitcoin is then stored off-line in a secured computer chip known as Vault 51 and embedded in a Physical Bitcoin, which is not connected to the internet. This process is also known as cold storage and is done to avoid hacking, loss, or theft.
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