Swiss startup ambrpay wins CV Competition and USD 100,000 cash prize


The blockchain startup ambrpay has won the first prize of the CV Competition for Finance, the premier gathering of the blockchain community in Crypto Valley. Innovation based on distributed ledger technology was the main topic of the speeches, panel discussions and fireside chats.


The USD 100,000 cash prize of the CV Competition for Finance goes to ambrpay, a startup founded by Andreas Hauri, a neuroscientist who used to grow brains in a lab before he turned tech entrepreneur. Hauri conceived a new idea this summer - a B2B backend solution which enables users of subscription services to pay for subscription services with crypto currencies. Since then Andreas Hauri has developed the blockchain technology in the backend and won first customers for pilots. 

“Good luck to Andreas with further scaling the company and we hope to be able to pay for our Netflix and Spotify automatically with crypto currencies soon”, said Daniel Rutishauser, Head of Blockchain and Financial Services at Zug based information management firm inacta which is one of the co-founders of the CV Summit.

With 70 speakers and around 900 attendees, the CV Summit in Zug is the premier gathering of the blockchain community in Crypto Valley. Organized by inacta and the blockchain investment company CV VC, the Summit reunites startups, corporates, thought leaders and service providers in the blockchain space. 

The Swiss Blockchain Federation revealed its new plansAnother highlight was the presentation of new projects of the Swiss Blockchain Taskforce that was developed into Swiss Blockchain Federation. Half a year after the publication of the Whitepaper that was handed over to Federal Councillor Johann N. Schneider-Ammann at the last summit, the Taskforce is now organized as Private Public Partnership. Its new president Heinz Tännler, Minister of Finance of the Canton of Zug, said that the industry in the crypto valley needs a smart regulation and legal certainty. Tännler promised that the Federation will shape the blockchain regulation coming up next year.

“We are delighted that in this edition of the CV Summit, we could bring together outstanding players from the financial industry with innovators working with the blockchain technology”, says Ralf Glabischnig, Founder and Managing Partner of Inacta and Founder of CV VC. One of the most prominent corporates at the Summit expanding into the crypto space is SIX Digital Exchange. 

(Press release)