I don't understand the complexity. For the taxi driver example: If its a hot wallet with small amounts why not save the seed phrase direclty in a password manager? Once the amounts increase there is now way but to study the different forms of self custody and the tradeoffs.
Announcing Recoverbull, a privacy-first encrypted hot wallet backup and recovery protocol. Implemented in BULL wallet, it serves as an alternative to custodial wallets for beginners. A key milestone in our journey to make self-custody the safest default Bitcoin user experience!
https://www.bullbitcoin.com/blog/recoverbull-a-bitcoin-wallet-backup-system
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