Cypher Wallet

Cypher is a crypto payments company that built a non-custodial wallet and crypto card so users could spend crypto and stablecoins in everyday life. According to its website, it was founded in 2022, is part of the Y Combinator class of 2022, and operates as Cypherd Wallet Inc. in the United States.

Its tagline describes the aim as making spending crypto in the real world as simple as sending a text. The product combined in-app swaps, cross-chain bridges and a non-custodial card, so users keep control of their assets while spending. It also ran a dApp, a business platform and the CYPR token ecosystem.

• Wallet: mobile app and dApp with wallet backup and withdrawals
• Card: non-custodial crypto card
• Business platform: business accounts with balance withdrawals and statement downloads
• CYPR rewards: token rewards claimable by users

The site lists backers including Coinbase Ventures, Samsung Next, Picus Capital, Tribe Capital and Rebel Fund. It reports security audits by OAK Security of the wallet app (2023), Cypher Autoload (2024) and Cypher Protocol (2025), and press coverage from CoinTelegraph, The Block, AP News and Business Insider.

Cypher states that it has been acquired by Nium and is winding down: cards close on August 8, 2026, and the app, dApp and business platform shut down on September 6, 2026, with a no-fee withdrawal window until then.