DALLAS, Feb. 22, 2015 /PRNewswire/ -- Bayside Corp. (BYSD.PK) today announced through its subsidiary company Bitcoinz USA, the Switzerland launch of Vault 51, a secure offline storage for Bitcoin. The Switzerland launch is part of the initial steps in the company's Vault 51 international expansion plans. The Vault 51 website will also now be available in multiple languages including French, German and Italian.
Previously, Vault 51 was only available to consumers in the United States, Canada and the United Kingdom. "According to the latest industry figures, over 100,000 merchants worldwide now accept Bitcoin and other cyrptocurrencies. The international launch of Vault 51 is happening at the right time in order to take advantage of the growth in the Bitcoin eco-community"-Gordon Johnson, CEO Bayside Corp.
Also, the sale of Bitcoin will also be available to consumers in Switzerland through the company's Vault 51 website. Furthermore, the company also announced the expansion of Vault 51's social media presence with the launch of the Official Vault 51 Twitter and Google Plus Pages.
Vault 51 is an offline storage system for Bitcoin users, which is represented by a Physical Bitcoin. The electronic Bitcoin is then stored off-line in a secured computer chip known as Vault 51 and embedded in a Physical Bitcoin, which is not connected to the internet. This process is also known as cold storage and is done to avoid hacking, loss, or theft.
Bayside Corp. is an American multinational corporation that manages multiple subsidiary companies engaged in a variety of business industries and sectors. At Bayside Corp. we believe that the future is now and that our efforts today will have a long lasting impact for generations to come. For additional information on the Company visit our website at: http://www.baysidecorp.com
Certain statements in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" All forward-looking statements are based on Bayside's current expectations, estimates, projections, beliefs and assumptions based on information available at the time the statement was made and in light of Bayside's experience and its perception of historical trends.
The forward-looking statement in this news release includes reference to: Bayside's ability to execute on its strategy and deliver strong results on behalf of its shareholders. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties; some that are similar to other related companies and some that are unique to our company. Bayside's actual results may differ materially from those expressed or implied by our forward-looking statements and you are cautioned not to place undue reliance on them
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SOURCE Bayside Corp.