Yes. Very crypt as adhoc encrypted folders
I then move them around and versions them with git ( the version is not incremental, I just know if it’s the same hash .. )
If you are doing the former, I used to use git-annex[1] for a similar purpose and liked it to keep track of where the encrypted versions of files are stored.
But git annex look nifty! The use case is large file? Correct ?