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Hardware encryption wallet startup Ryder completes US$1.2 million in financing, with participation from SBX Capital and others

Hardware encrypted wallet startup Ryder completed a $1.2 million financing and launched its flagship product, the Ryder One hardware wallet, which is a physical device that can replace mnemonic phrases with the innovative TapSafe recovery function. This round of financing was led by Oak Grove Ventures, Bitcoin Frontier Fund, Muneeb Ali of Trust Machines, and SBX Capital. The company claims that with TapSafe, the login process has now been shortened to less than a minute and security has not been compromised. The CEO of the company stated that this is a tool designed for the general public.

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