Hardware wallets vaults are slowly becoming a trend

The recent stories about one man still searching for his hardware wallet on a dumpsite and another one who was robbed by his acquaintance in New York might further increase the interest of the cryptocurrency market towards hardware wallet keepers - one of the most recent type of cryptocurrency-related firms.

According to The Australian reports, people start to store their hardware, or physical wallets in the vaults previously used for fiat money, and in another corner of the world, Russia, there are already some pawn shops dedicated to cryptocurrency assets stored on physical wallets provided by the pawn shop owner - although the report contains serious doubts of the reporter about the credibility of such schemes.

And maybe the most famous example by far is situated in Switzerland, where Xapo decided to use an old military bunker as a next generation of bank vaults. Reports contain breathtaking photos and videos of the vault’s reinforced structures.

One might assume that such companies will only multiply, and there will be more demand for safes in traditional banks. After all, it doesn’t matter for the bank what you store in the safe - jewelry, money or cryptocurrency.