In a recent interview with CNBC, the chief executive of Vexx, a digital-payment company, said central valley concerns are a big deal.
“There’s a lot of people who are concerned about the central Valley, because it’s a great place to invest, but there’s also a lot that’s concerned about our privacy,” Mr. Schmitt said.
“It’s very concerning.
I mean, what happens when someone gets in your house?
What happens when your kids go to school?
Vexx offers a digital wallet, but the company says it has a way to handle some of the more sensitive information on the central-valley issue, including your personal financial information. “
We’ve got a lot more to worry about here than just the central bank, and we’re not going to sit idly by while the central banks decide that’s what matters.”
Vexx offers a digital wallet, but the company says it has a way to handle some of the more sensitive information on the central-valley issue, including your personal financial information.
The company, founded in 2015, provides digital wallets for people in the United States and Canada, including $300 in bitcoin and $10,000 in other cryptocurrencies.
In a statement, Vexv says that it takes privacy seriously and has taken steps to remove data it collects from the blockchain and secure its services against fraud and identity theft.
However, some privacy advocates are concerned that the company does not have the necessary safeguards to protect personal information on its blockchain.