Xapo, the Swiss-based cryptocurrency wallet and vault service provider, stores more than $10 billion worth of bitcoin in its cold wallets managed offline in safe Swiss vaults. According to Bloomberg, more customers have stored bitcoin in Xapo’s vault than 5,670 banks in the US. ~ ccn.com
Not everybody loves bitcoin. Skeptics will always find a way to opine that Bitcoin has no future. Take a look at the skeptics of the past and see what they had said. 1876: “The telephone has too many shortcomings to be seriously considered a means of communication.” — William Orton, president of Western Union. 1995: “I predict the internet will soon go spectacularly supernova and in 1996, will catastrophically collapse.” — Robert Metcalfe, founder of 3Com. 2007: “There’s no chance that the iPhone is going to get any significant market share.” — Steve Ballmer, Microsoft CEO. Source: ccn.com
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