Foundation Devices, a company founded in March 2020 by Zach Herbert, Ken Carpenter, and Jacob Johnston, is making waves in the Bitcoin industry with its innovative approach to hardware and software wallets. Based in Boston, MA, with a remote team worldwide, Foundation Devices is on a mission to make self-custody of Bitcoin accessible to everyone.
The company’s flagship product, the Passport hardware wallet, stands out for its sleek design and user-friendly experience. With a focus on open-source, privacy, and freedom, Foundation Devices has created a product that balances security with usability, making it appealing to both new and experienced Bitcoin users.
One key feature of the Passport is its airgapped design, which ensures that private keys are never exposed to the internet. Additionally, the device simplifies the backup process by allowing users to save their seed phrase to an industrial-grade microSD card.
In conjunction with the Envoy mobile app, users can securely manage their Bitcoin holdings and even purchase Bitcoin via P2P marketplaces like Hodl Hodl and Bisq. The app’s Magic Backups feature streamlines the onboarding process, allowing users to start using the app within 60 seconds of downloading it.
Looking ahead, Foundation Devices has ambitious plans to expand its product offerings, potentially including a Bitcoin-centric smartphone. However, challenges remain, particularly in dealing with restrictions imposed by Apple, which hinder the adoption of decentralized technology.
Despite these obstacles, Foundation Devices is committed to advancing the capabilities of Bitcoin wallets, with plans to incorporate Taproot Multisig and Lightning Network support in the near future. With a focus on user experience and innovation, the company is poised to drive rapid progress in the Bitcoin industry in the years to come.
