DALLAS, TX / ACCESSWIRE / March 10, 2015 / Bayside Corp. (OTC:BYSD) today announced through its subsidiary company Bitcoinz USA, the official launch of Vault 51, a secure offline storage for Bitcoin is now available to all consumers in Japan. Furthermore, Bitcoinz USA is now offering Bitcoin for sale to consumers in Japan through the Vault 51 website.
Moreover, it was just over a year ago that Mt. Gox; a major Japanese Bitcoin exchange went bankrupt. The multi-million dollar collapse of Mt. Gox highlighted the urgent need for all Bitcoin consumers worldwide to have a secure way to protect their Bitcoin. As a result, Vault 51 was developed in response to this growing worldwide market demand.
"We are very pleased to be able to roll out Vault 51 and the sale of Bticoin to consumers in Japan. As we continue to move forward to help meet the growing demand of protecting Bitcoin worldwide, Bitcoinz USA is of the belief that Japan can one day serve as a major Bitcoin hub for the buying and selling of Bitcoin." -JW Walker President Bitcoinz USA.
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.
- Official Vault 51 Website
- Official Facebook Page
- Official Google Plus Page
- Official Twitter Page
About Bayside
Bayside Corp. is an American multinational corporation that manages multiple subsidiary companies engaged in a variety of business industries and sectors. At Bayside Corp. we believe that the future is now and that our efforts today will have a long lasting impact for generations to come. For additional information on the Company visit our website at: http://www.baysidecorp.com.
Certain statements in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" All forward-looking statements are based on Bayside's current expectations, estimates, projections, beliefs and assumptions based on information available at the time the statement was made and in light of Bayside's experience and its perception of historical trends.
The forward-looking statement in this news release includes reference to: Bayside's ability to execute on its strategy and deliver strong results on behalf of its shareholders. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties; some that are similar to other related companies and some that are unique to our company. Bayside's actual results may differ materially from those expressed or implied by our forward-looking statements and you are cautioned not to place undue reliance on them.
SOURCE: Bayside Corp.
