Ryder, the crypto hardware wallet innovator, has successfully shipped its Ryder One device to thousands of users, leading to a current sold-out status with new units expected to be available by mid-July. This rapid market absorption signifies a major achievement for the company, which is now expanding its core team to meet growing demand.
"We built Ryder w/ 7 people. Took it from sketches to mass production. Shipped it to a thousand of users. Hardware + software + security. All in one," announced Louise Ivan, CEO of Ryder, via social media. He further confirmed the immediate addition of two key positions, a Marketing Lead and a Firmware Engineer, to bolster the company's operational and developmental capabilities.
The Ryder One wallet, which secured $1.2 million in a funding round in October 2023 from investors including Oak Grove Ventures and Muneeb Ali of Trust Machines, aims to simplify crypto self-custody. Its flagship "TapSafe Recovery" system eliminates the need for traditional, complex seed phrases, a significant hurdle for many potential users. This feature allows for wallet setup and backup in under a minute using NFC technology.
Designed for broad accessibility, the device supports over 1,000 digital assets and incorporates an EAL6+ certified secure element chip, ensuring high-level security. Ryder's vision is to make crypto management as intuitive as everyday digital transactions, appealing to a wider demographic. The wallet also offers optional social recovery features, providing additional layers of security and peace of mind for users.
The overwhelming demand for Ryder One underscores a clear market need for user-friendly and secure hardware wallet solutions. Strategic partnerships with major blockchain ecosystems like Polygon Labs, Solana Foundation, and BNB Chain are expected to further integrate Ryder into the Web3 landscape, facilitating broader adoption and enhancing the utility of digital assets in real-world applications.