Secure and Trustworthy Cryptocurrency - Plans of Startup Ambry
Ambry, which is the winner of a $ 100,000 GITA grant, intends to develop the startup and refine its services. After covering Georgia, the startup plans to enter the international market and cooperate with large companies.
Ambry is an innovative technology that makes the cryptocurrency more secure and trustworthy for individual users and companies.
At this stage, Ambry web platform is launched for companies operating in the crypto world and is a platform for crypto-exchange and crypto-trading. They can track customer base and suspicious transactions. Also, set and regulate which transaction they consider dangerous. It should be noted that Ambry service is already used by MyCoins, the largest crypto-exchange platform in Georgia.
As the co-founder of the startup Luka Lomsadze told "Business Partner", soon anyone will be able to use Ambry service. Ambry is also a good solution for banks, in particular, they can check the history of specific cryptocurrency transactions that hit the bank account.
"Anyone will be able to check the desired crypto address by logging in and receive information about suspicious transactions. It will also be possible to verify with the crypto transaction code which wallet from which wallet the transaction went and which way it went.
"We plan to create a mobile application in the future, which will be an additional convenience for individual users, which will also allow them to monitor several crypto addresses at the same time," - said Luka Lomsadze.
Ambry is the winner of the GEL 100,000 grant program of the Innovation and Technology Agency (GITA). The company plans to spend the received grant in two main directions.
"Half of the GITA grant will help us develop the startup, refine and develop existing products, the rest will be used to create new functionalities and services. We want Ambry to be not only a platform adapted to the crypto world, but also to be a security tool that will benefit both the financial sector and the crypto world, as well as the market as a whole, including the development of the insurance sector.
The GITA grant was the first funding, before that we tried to implement the project with private resources, but we definitely plan to attract many more private or public investments, including a 650,000 GEL GITA grant. At the same time, once the startup has fully covered Georgia, we want to enter the international market and cooperate with large companies, "- said the co-founder of Ambry.