Crypto Wallet Gets $3.2M Boost From Tim Draper-Is This The Future of Wallet Recovery?

Get ready, folks. Ryder, the company that makes securing your crypto wallet easier than explaining how Bitcoin works, has just secured a cool $3.2 million in seed funding. This is *not* your average crypto startup, folks. We’re talking a game-changer in the making here.

Ryder Scores $3.2M, Courtesy of Tim Draper

Yep, you read that right. Ryder, the people behind the ridiculously simple Ryder One wallet, has wrapped up a $3.2 million funding round. This wallet promises to give you top-notch crypto security in under 60 seconds. That’s right, in less time than it takes to decide if you should buy another avocado toast, you can secure your digital assets.

Leading this cash shower is Tim Draper, the venture capital mogul who’s probably been investing in the future since we were all still figuring out dial-up internet. Other cool kids on the block throwing their money into this startup are Borderless, Semantic, Smape, and VeryEarly. Plus, some crypto rockstars like Anatoly Yakovenko (Solana co-founder) and Joe McCann (CEO of Asymmetric) have decided to back Ryder’s future.

How Ryder is Gonna Use That Sweet $3.2M

Ryder’s not just putting this money in a fancy coffee fund. Oh no. This investment is all about ramping up production, bulking up the engineering and marketing teams, and making sure Ryder One stays at the top of its game. And yes, they’re launching a major marketing blitz so that you’ll see their ads everywhere (because who doesn’t love crypto ads, right?).

“We created Ryder because we lived through the crypto chaos-seed phrases on paper that are either lost or just plain terrifying,” said Louise Ivan Payawal, Ryder’s co-founder and CEO. “We want to make it easier for everyone to handle their crypto without breaking into a sweat.”

Marvin Janssen, Ryder’s CTO, chimed in with some tech talk, but really, it’s all about making crypto *natural*-because why should managing your digital fortune feel like you’re solving a Rubik’s cube?

And Tim Draper, who’s basically the grandpa of Bitcoin, praised Ryder for creating a solution that’s easy to set up but still keeps your crypto locked down tighter than your grandma’s secret cookie recipe.

The Future is TapSafe (and It’s Secure)

Enter Ryder One’s TapSafe recovery. Yes, it sounds like something you’d find in a high-tech spy movie, but it’s *real* and it’s making seed phrases obsolete. The way it works is simple: you store backups on your phone and NFC Recovery Tags, and if you lose your wallet, you can combine them to recover your crypto. Like a secret agent mission, but without the tuxedo.

Say goodbye to the one-point failure of seed phrases. Ryder One’s TapSafe solution is redundant and self-custodial, so you’re not relying on a paper slip that could easily vanish with one accidental coffee spill. You can back up your wallet and get it secure in under a minute. Let’s be real, even if you’re a slow typer, you can do this in less time than it takes to find your keys.

Making Crypto a Part of Your Daily Life

Ryder’s big dream? To help you spend your crypto just like regular money. That’s right. Soon, you’ll be able to tap to pay with your crypto directly from your hardware wallet using Ryder’s companion app. It’s like a crypto version of Apple Pay, but hopefully with fewer glitches.

Tim Draper, ever the Bitcoin fanboy, is betting that we’re heading toward a world where retailers might only accept Bitcoin as payment. (Spoiler: We’ll probably need a few more margaritas to get there.) Tim’s also been behind the success of crypto giants like Coinbase and Robinhood, so if anyone knows how to spot a good investment, it’s him.

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2025-10-18 18:54