Digital exclusive cryptocurrencies such as Bitcoin (BTC) or Ether (ETH) are currently leveling off after a great slide. For this very reason, many are currently seeing an interesting investment opportunity in several different cryptocurrencies.
Apart from investment and fields of application, the area also offers entirely new professional areas in the financial system. On the one hand directly with cryptocurrencies, on the other hand also with acceptance partners or industry suppliers.
Welcome to Swiss Crypto Valley
Switzerland is a hotspot for the blockchain and crypto industry. Geographically, you are restricted to the larger area around Zug. Based out of Silicon Valley, Zug and the surrounding area are already known as “Crypto ValleyThe city in central Switzerland has attracted many companies from the cryptocurrency industry in recent years. This is also confirmed by the figures in Crypto Valley Venture Capital’s annual report “CV VC Top 50”. It is mentioned here that the number of cryptocurrency-related companies in Zug alone in 2021 increased from 960 to 1128. In the broader environment, there are likely many other companies profiting from the cryptocurrency industry.
We are talking about acceptance partners or suppliers that also offer exciting cryptocurrency functionality. For example, Bitcoin Switzerland casinos are very popular and innovative here, and have found their own niche with an emphasis on digital money. Not only are they very popular with iGaming enthusiasts, but they also offer exciting job profiles for programmers, product managers, or in the entire marketing sector. Cryptocurrencies have now also reached the entertainment industry and challenging jobs are being created here in an innovative environment.
This also shows that the hype surrounding cryptocurrencies has continued to increase in recent years and that coins have largely left their due existence. Numerous new admission partners and the jump to official recognized investment portfolios has allowed crypto companies to also become attractive employers.
Lugano as the next blockchain hub?
Another Swiss canton wants to thrive in the cryptocurrency world after Zug. Consider Lugano To become the next blockchain hub. To this end, the city is also actively entering into far-reaching crypto collaborations. To raise awareness in the industry, the city of Ticino has partnered with Hong Kong-based technology company Tether Operations Limited. Through this collaboration, Lugano hopes to make a breakthrough as a contemporary financial center.
The goal of the collaboration is for cryptocurrencies to make a splash in the world of work and in everyday life. However, all these innovative projects also require countless qualified specialists. Industry experts still see a big flaw here, because the demand is great, but the supply in the labor market is still limited. Educational institutions such as Swiss universities and technical colleges are already responding to the growing demand. Courses on decentralized finance are being prepared. New cryptographers are especially in demand in these areas:
- technology company
- startup companies
- Affiliates supplying the cryptocurrency industry
- acceptance partner
According to Jobs.ch, there has been a significant increase in cryptocurrency-related job postings in Switzerland. The number of subject job offers on the job platform has quadrupled since 2016.
What encryption functions are required?
The labor market shows that in the decentralized finance applications sector (DeFi) open up very different career opportunities. Since cryptocurrencies exist exclusively in digital form, technical qualifications are particularly required above all. Of course, managerial positions in large companies are often advertised. Human resources, marketing, communication and finance are subfields that the crypto world cannot do without. However, the most popular jobs are found in the technical field.
Almost all cryptocurrencies are created on the basis of the blockchain system. This technical solution transfers credit in the form of tokens from one owner to another. This is a complex issue, because above all, protection against manipulation must be ensured. As a blockchain developer, you are tasked with planning and implementing these blockchains. In addition to knowledge of blockchain and its technology, the most important core competency is knowledge of database development and cryptography.
Moreover, there have been trading desks in traditional financial transactions for a very long time. Cryptocurrency traders do this in the same way as traditional stock traders. By buying and selling cryptocurrencies at the right time, customers make a profit. In addition to strong analytical skills, as a trader you need to think strategically and know the cryptocurrency market well.
There are also product managers in almost all fields, which is why they can also be found in the crypto industry. The scope of tasks is very wide. The main task is to coordinate all departments with each other and prepare the platform or service in a way that is easy to use and successful. Successful further development is also one of the main tasks. Encryption Product Managers are often responsible for one or more digital encoder products and are the central organizational interface and setting priorities between product development and customer needs.
Of course, there are many other jobs that can make you successful in the crypto industry. Crypto Lecturer, Sustainability Expert, Mobile Payments Manager, Compliance Officer, Capital Market Advisor, Tax Advisor with a focus on cryptocurrency and digitization, Content Writer or Accountant are just a few of the other positions currently being sought related to cryptocurrency. Anyone who is able to learn, flexible and interested has the opportunity to make a career in a variety of job profiles in this very small industry.