Ripple opens its first office in Canada
Blockchain firm Ripple plans to hire 50 engineers in Toronto after opening its first Canadian office in the city
Blockchain firm Ripple has opened its first office in Canada, according to a Wednesday announcement†
The new Toronto office will serve as the company’s key engineering hub. Garlinghouse says the nation’s most populous city has plenty of talent.
Ripple is looking for “hundreds” of blockchain software engineers in Toronto.
As reported by U.Today, Garlinghouse said the company would continue to hire in stark contrast to other major cryptocurrency firms, such as Coinbase, which have drastically reduced their workforces. Ripple is sitting on a “significant” cash balance, allowing the company to weather the ongoing crisis.
In his statement, Garlinghouse says that many talented engineers are leaving traditional finance to enter the cryptocurrency space.
Toronto Mayor John Tory says Ripple will be “a perfect fit” for the city and praised the company’s “innovative technology”.
In 2021, Ripple also opened offices in Miami and Dubai.
Before opening its first office in Canada, Ripple had already collaborated with several Canadian universities as part of the University Blockchain Research Initiative (UBRI) program.