Louise Ivan Valencia Payawal
CEO
Ryder
Ryder develops the Ryder One, a hardware wallet designed for simple cryptocurrency self-custody. This offline device utilizes tap-to-pay technology for quick setup and transaction approval, eliminating complex seed phrases. It features an EAL6+ secure element chip to ensure robust security for managing digital assets.
- Blockchain & Cryptocurrency
- Financial Technology
- Hardware
Updated 7 months ago
Funding
Funding not disclosed
Funding rounds are not available yet.
Founders
Product
Problem
Managing cryptocurrency private keys and seed phrases can be complex and intimidating for the average user, leading to potential loss of funds due to forgotten passwords, misplaced backups, or phishing attacks. Traditional methods often require meticulous record-keeping and a deep understanding of cryptographic principles.
Solution
Ryder offers a simplified self-custody solution for cryptocurrency asset management, replacing traditional seed phrases with a hardware wallet, mobile app, and optional social recovery. The Ryder One hardware wallet utilizes tap-to-pay technology for quick setup and transaction signing, while Recovery Tags and Recovery Contacts provide multiple options for account recovery without relying on vulnerable seed phrases. The system employs an EAL6+ secure element chip and an offline design to protect against both online and offline threats. The Ryder mobile app allows users to monitor their coins and initiate transactions, providing a user-friendly interface for managing digital assets.
Target Audience
The primary target audience is individuals seeking a user-friendly and secure solution for self-custody of their cryptocurrency assets, particularly those who are new to crypto or find traditional seed phrase management too complex.
Features
- Ryder One hardware wallet with EAL6+ secure element for secure key storage and transaction signing
- TapSafe Recovery, which replaces seed phrases with Recovery Tags and Recovery Contacts
- Mobile app (iOS and Android) for managing coins and initiating transactions
- Offline design with no Bluetooth, Wi-Fi, or USB connectivity for enhanced security
- Support for over 1,000 coins and tokens
- Optional social recovery feature allowing trusted contacts to assist in account recovery
- Tamper-evident Infinity Edge design that provides instant red alerts
- Wireless charging and battery-free NFC-Recovery Tag