Ryder Reveals Hardware Wallet That 'Replaces' Seed Phrases With Novel Recovery System and 'No Central Entity', Raises $1.2 Million

Hardware wallet developer Ryder has announced the close of a $1.2 million raise and revealed the Ryder One hardware wallet featuring a recovery system designed to replace the typical seed-phrase process. In a press release shared with Cryptonews, Ryder said it raised $1.2 million from "industry heavyweights," including Oak Grove Ventures, co-founder of Trust Machines Muneeb Ali, SBX Capital, and Bitcoin Frontier Fund.... Read More: Ryder Reveals Hardware Wallet That 'Replaces' Seed Phrases With Novel Recovery System and 'No Central Entity', Raises $1.2 Million