"As a consequence Bips will temporarily close down the wallet initiative to focus on real-time merchant processing business which does not include storing of Bitcoins." company says.
One of his customer replied to Henrickson's post, "In fact, your website said: 'Your data is secure at BIPS.' So yeah, I felt pretty goddamn secure leaving my BTC balance there."
Saving thousands of dollars in a Bitcoin wallet that's highly susceptible to hackers, so don't store your Bitcoin on the internet.