Ripple, one of the leading blockchain and crypto solutions providers, announced recently that the company has opened a new office in Toronto. The office, which will serve as a prominent engineering hub, will facilitate the expansion of Ripple in North America and other regions around the world.
The latest announcement from Ripple came after crypto companies from different regions announced massive layoffs amid the crypto winter. According to a recent report by Business Insider, crypto and blockchain firms fired more than 1,700 people within the first three weeks of June 2022.
Ripple noted that supporting world-class talent in the crypto and blockchain ecosystem is one of its key priorities. Through the new office in Toronto, the company aims to foster crypto innovation in Canada.
“Crypto and blockchain present an incredible opportunity for engineers to tackle difficult problems, with the potential for these solutions to impact the movement of value around the world. Nearly every financial institution is coming up with its crypto strategy to take advantage of this technology that will underpin our future global financial systems. Crypto is one of the most thrilling industries to work in, so it’s no surprise that talent is leaving tech incumbents and traditional finance to enter this space,” Brad Garlinghouse, the CEO of Ripple, said.
Earlier this month, Ripple announced a partnership with Lunu to boost the adoption of crypto assets across the European region.
Global Presence
In the past few years, Ripple boosted its presence across different regions through the opening of offices around the world, including the company’s offices in Miami and Dublin. Across its global offices, Ripple is planning to hire hundreds of people in 2022.
“At Ripple, we are a team building breakthrough crypto solutions to unlock greater economic opportunities for everyone, everywhere, and that creates an exciting atmosphere,” says Devraj Varadhan, the SVP of Engineering. “We are excited to tap into Toronto’s technical talent pool and add builders to address the unmet customer needs on behalf of global customers.”
