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Ripple Launches Engineering Hub in Toronto, Fueling Crypto Growth and Innovation

Ripple Launches Engineering Hub in Toronto, Fueling Crypto Growth and Innovation

Ripple, a leader in enterprise crypto and blockchain solutions, has opened a major engineering hub in Toronto, Canada to drive crypto innovation.

one in StatementRipple revealed that 50 engineers will initially be hired at the new Toronto office. Nevertheless, plans are underway to bring on board hundreds of blockchain software engineers, such as data scientists, applied machine learning scientists and product managers.

Brad GarlinghouseRipple CEO said:

“Crypto and blockchain present an incredible opportunity for engineers to tackle difficult problems, with the potential for these solutions to influence the movement of value around the world.”

During the crypto winter in the market, with various crypto players announcing freezes and layoffs, Ripple said they are looking for a bigger picture of introducing world-class talent that will drive innovation in the years to come.

Garlinghouse reported:

“We are continuing to grow and invest in our business by expanding our presence globally with our first office in Toronto.”

With the North American region being a major tech hub, Ripple sees the strategic expansion plan as a step towards tapping local talent to fuel crypto growth.

Devraj Vardhan, SVP of Engineering admitted:

“We are excited to tap into Toronto’s technical talent pool and add builders to meet customer needs on behalf of global clients – our team here driving Ripple’s innovations from blockchain protocol development and decentralized applications to machine learning. Will play an important role in running and payment solutions.”

Toronto Mayor John Tory welcomed Ripple’s decision to set up a base in the area, saying:

“I am thrilled that Ripple is taking root in Toronto where we know the company will be able to benefit from the highly skilled tech talent, emerging ecosystem, and competitive economic advantages that the region offers.”

A previous Ripple report indicated that 99% of respondents would consider using digital assets for cross-border payments, Blockchain.News reported.

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Ripple Launches Engineering Hub in Toronto, Fueling Crypto Growth and Innovation

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