Saturday, February 24, 2018

From Silicon Valley To Crypto Valley: Zug is the Epicentre of the Blockchain Revolution


"The Crypto Valley of the canton of Zug is to Switzerland what Silicon Valley in the southern San Francisco Bay Area of California is to America."
~ Ekenyerengozi Michael Chima, author of the popular article, "Bitcoin Does Not Grow On Trees".
A SWISS town, dubbed "Crypto Valley", has become a hub for cryptocurrency with investors flocking to the region as one blockchain expert declares Switzerland is at the centre of a financial "revolution".

Oliver Bussmann, the former head of innovation and IT at the Swiss bank UBS said that to date, more than 50 start-ups from the crypto and blockchain world have settled in the canton.

Mr. Bussmann advises blockchain entrepreneur and manages the Crypto Valley Association.

He said he receives around three to five enquiries a day from individuals in the crypto arena considering moving to Zug. According to a study conducted by consulting firm PWC, companies around the world raised $4.6billion in capital through initial coin offerings (ICOs) last year.
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