fbpx
Connect with us

Executive Voice

NGRAVE CEO Ruben Merre: The Last Word in Crypto Wallet Security

Cryptocurrency exchanges have been having a difficult time of late, even in a sector that’s become used to hearing about the latest trading platform scandal. At the end of September, leading exchange KuCoin revealed that it had been hacked. With the total value stolen amounting to around $280 million, it was estimated to be the third-biggest hack in crypto history. Only a few weeks later, OKEx announced it was suspending all withdrawals from the exchange, with feverish speculation around the fact that a founder had been taken into custody by the Chinese authorities. 

So it stands to reason that a core mantra of the cryptocurrency sector has become “not your keys, not your crypto,” with the underlying message being that users should keep their crypto in a personal wallet rather than leaving them on an exchange. However, Ruben Merre, co-founder and CEO of NGRAVE, has taken these words more seriously than most. His firm has developed a wallet that claims to be the “coldest of cold storage”, and with a name that does it all the more justice: ZERO.

Legacy hardware wallets such as Ledger or Trezor have been found to contain multiple attack vectors, most notably arising from the need to plug them into internet-enabled devices. NGRAVE’s ZERO wallet is different. It’s been designed in such a way that it never needs to go online. Users can view their account balances and make payment requests via a smartphone app that doesn’t ever access the private key. 

The ZERO wallet was developed in collaboration with the world’s leading experts in nanotechnology, hardware and firmware security, and applied cryptography. The result: ZERO is the only wallet to achieve an EAL7 stamp – the highest security certification in the world. It both removes any remote attack vectors by functioning completely offline, and any physical attacks by being tamper proof in any of its security layers.

NGRAVE also solves another big frustration associated with hardware wallets: usability. ZERO really feels “Apple-esque” in that it hides all cryptographic complexity behind an intuitive touch screen experience. With just a few taps on the screen, users can select coins and receive or sign transactions.

A Startup with Long-Term Potential

Merre first got in touch with blockchain as a technology back in 2015 when he was working on the vision 2020 strategy of an international bank. However, he shied away from the crypto market as he was a loyal follower of legendary value investor Warren Buffet’s tenets that urged him to stay away from “bubble” markets and projects where the intrinsic value is difficult to evaluate. By early 2018, Merre had become more and more convinced that crypto wasn’t merely a bubble, and he decided to start investing using a dollar-cost averaging strategy. Later in 2018, Merre came together with his NGRAVE co-founders, Edouard Vanham and Xavier Hendrickx, after many discussions about wallet security, with Hendrickx himself having been the victim of several major hacks, with the greatest blow an astounding 44,000ETH ($10 million at the time)

The trio went on to achieve several notable successes with the execution of their idea for the world’s most secure wallet. Aside from the aforementioned EAL7 rating, the project onboarded world-renowned cryptographer Jean-Jacques Quisquater, and smashed through its crowdfunding target on Indiegogo by 1535%, besting the second most successful hardware wallet campaign by a factor of 8.

The NGRAVE ZERO wallet is now set to start shipping at the end of this year, with pre-orders already available via the company’s website. With the crypto exchange industry continuing to prove as shaky as ever from a security standpoint, Merre and his co-founders couldn’t have picked a better time to bring their product to market. 

Advertisement

Become A Crypto Expert

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

NFT2 weeks ago

Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures

In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...

gold and black round emblem gold and black round emblem
Cryptocurrency1 month ago

Bitcoin’s Volatility Explained

Since cryptocurrency was introduced in 2009, it has become a very controversial subject for both critics and supporters. One of...

News1 month ago

Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.

After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...

Cryptocurrency1 month ago

Nike just bought a virtual shoe company that makes NFTs and sneakers ‘for the metaverse’

Nike, the sportswear mogul, recently stunned the globe as it moved into the realm of the metaverse industry and blockchain...

QR code screenshot QR code screenshot
Diversity in Tech2 months ago

BTC did 62% more in transactions than PayPal this year

MasterCard and Visa have always topped as the runaway leaders; however, Bitcoin’s Lightning Network will soon disrupt this norm. Starting...

high angle photo of person holding turned on smartphone with tall buildings background high angle photo of person holding turned on smartphone with tall buildings background
Social Media2 months ago

How to Organically Grow Your Social Media Following In 2022

Instagram On Instagram, use Reels to reach new audiences and grow – find popular sounds and use them in your...

gold-colored Bitcoin gold-colored Bitcoin
Cryptocurrency2 months ago

Julio Domenech On How Banks Can Engage In Bitcoin in 2022

As cryptocurrency continues to become a popular trend in the US, many people are looking for an opportunity to participate...

Diversity in Tech3 months ago

Microsoft Teams, Incorporating New 3D Avatars And Virtual Meeting Spaces Before Mid 2022

Microsoft Mesh has always led as the future of Microsoft Teams meetings. However, Meta, the newly launched Facebook company, is...

Health + Fitness3 months ago

Stephen Campolo – How A Former Fat Kid Transformed His Body And Is Now Helping Others Do The Same

UPDATE: During a recent interview with Yahoo! News, Stephen revealed that he will be speaking at the next Disrupt Puerto...

News3 months ago

Facebook Goes Meta As It Scales Up Beyond Just Social Media

Thursday 28 September 2021, Mark Zuckerberg, the CEO of Facebook, announced Metaverse, a brand for users to interact in virtual...

Trending

Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.