Christopher Barrow
Metropolitan Safe Deposits’ state-of-the-art High Road vaults deliver affordability, convenience and proven world-class security
Traditionally, it is assumed that safe deposit boxes are used to store precious metals, family heirlooms and private documents. And, of course, they are. However, the exciting evolution of crypto-business has prompted a new demand from predominantly younger investors seeking maximum protection for their assets.
‘Owners of crypto-currencies, such as Bitcoin, use a private key (it is a 16-digit code) to access and manage their digital coins,’ explains Christopher Barrow, Chief Executive of Metropolitan Safe Deposits. ‘However, if that private key is hacked or the code simply forgotten, there is no central ownership register; in effect, the money is lost.
‘A salutary case is a gentleman in Wales who, eight years ago, accidentally threw away a hard drive containing details of his private key to 7,500 Bitcoins. Today, they would be worth around £240 million; sadly for him, the drive is buried permanently in a landfill. For many crypto-investors the preferred solution is to transfer the all-important code onto a USB device and put that in a safe deposit box; it is offline, beyond the reach of cyber-criminals and securely accessible.’
Metropolitan Safe Deposits offers a tried and tested security facility. ‘We have 24/7 CCTV of the perimeter and interior of our three vaults, the premises is equipped with multi-layered alarm systems and the “secure area” has bullet-resistant airlock doors with magnetic and electronic locks,’ says Christopher.
‘Access is controlled by computer-verified ID and biometric fingerprint procedures and each safe deposit box is individually alarmed (there are 12 sizes costing from £99 p.a). To my knowledge, our type of vault has not been breached. We provide the peace of mind of knowing your possessions – whether treasured mementos or a USB stick – are in safe keeping.’
To read Christopher’s blog about crypto security, visit:
https://www.metrosafe.co.uk/editorials/news-releases/date/2022/02/08/crypto-investors-turn-to-physical-storage-for-security/
Metropolitan Safe Deposits
329 Chiswick High Road,
Chiswick W4 4HS
02039282828
chiswick@metrosafe.co.uk
https://www.metrosafe.co.uk