As a large number of Indian HNIs and their representatives went around Swiss ski resort town of Davos for attending the annual WEF summit last week, they also got several pitches on the margins for two new 'safe and promising havens' -- cryptocurrencies and cash vaults.
Cash vaults, which are huge in size unlike the typical bank lockers in India and can contain not just cash but also gold, data, paintings and sculptures, are big business in Switzerland and are not just limited to banks, with several stand-alone entities offering these services.