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Crypto Whale's Swiss Bitcoin Bunker Wants Banks' Wealthy

  • Swiss Crypto Vault, Xapo have taken on old Swiss army bunkers
  • Nikolajsen says he’s partnering with banks on bitcoin services
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One of Switzerland’s best-known Bitcoin speculators is betting he can attract more traditional money to the secure Alpine bunker that houses his cryptocurrency stockpile.

Niklas Nikolajsen and former UBS Group AG investment banker Philipp Vonmoos have set up a venture called Swiss Crypto Vault that aims to lure ultra-high net worth individuals and institutional investors with its “deep underground storage, state-of-the-art encryption, multi-signing authorization processes and many more security features.” The storage space is available for clients starting Wednesday can handle various cryptocurrencies including Ether and Litecoin, Bitcoin Suisse said in a statement.