Vault8 Now Accepting Rupee Deposits Into Private Numbered Safe Deposit Boxes From Zebpay Customers

NEW YORK - June 25, 2018 - PRLog -- New York, NY Vault8 announced that with they are accepting India Rupee being held in Zebpay Bank Accounts. Deposits in Rupee's, bitcoin, Ripple, ethereum or any other cryptocurrency can be made.  This allows safe deposit box holders to deposit Rupee's and have the ability to still use the services of Zebpay.

Zebpay India's biggest exchange tell holders to withdraw their Rupee's, or lose their cash. Zebpay, one of India's largest cryptocurrency exchanges with around 3 million users, has warned its customers that fiat withdrawals may stop in the near future, depending on the outcome of an upcoming court hearing.

The status of cryptocurrencies and crypto exchanges in India remains unclear. However, in April this year, the Reserve Bank of India (RBI) issued a notice to all regulated financial institutions in the country, barring them from doing business with crypto-related companies.

From Vault8 "Vault8 is not a crypto-related business, as it is a private numbered digital safe deposit box. Thus it is not barred under the new notice issued by the Reserve Bank of India (RBI)"

Vault8 services allows anyone in India and Zebpay Accounts Holders to open a private numbered safe deposit box account and deposit Rupee's, bitcoin, gold or any other hard currency, gold type commodity, or cryptocurrency.  They may convert their box holdings into any from when withdrawing. Box to box transfers allow for the sale of bitcoin or other cryptocurrency to another box holder without risk. Loans can be made upon box holdings, without any personal information being given.

Further from Vault8, All actions by account holders are peer to peer. Cash or gold or other physical items of value can be deposited into the account holders safe deposit box, the cash is converted into Vault8 tokens. The account holder can then convert the Vault8 Tokens into any form of cryptocurrency or tangible currency or even gold; wherein they can withdraw it anywhere in the world.

An account holder can show their safe deposit box holdings to another person or company on a limited basis to provide proof of funds. They can place their box holdings up as collateral wherein the person can put a hold on the box holdings until such time as is released.

About Vault8.

Vault8 is a virtual company, like bitcoin and other cryptocurrencies it is virtual. The Vault8 website is a portal for the services offered, no cryptocurrency is received or stored through the website, all safe deposit boxes are offline. Vault8 does not buy or sell cryptocurrency; it is not a money transmitter, or exchange. Vault8 operates around the globe through its portal website and its network of agents.

*Vault8 is not affiliated with Zebpay, Zebpay is a registered Trademark.

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