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

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

In a statement, Ripple revealed that 50 engineers would initially be hired in the new Toronto office. Still, plans are underway to bring on board hundreds of blockchain software engineers, such as data scientists, applied machine learning scientists, and product managers. 

Brad Garlinghouse, Ripple’s CEO, noted:

“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.”

Despite various crypto players announcing hiring freezes and layoffs amid the crypto winter in the market, Ripple said that they are looking for a bigger picture of presenting world-class talent, which would spur innovation in coming years.

Garlinghouse pointed out:

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

With the North American region being a prominent tech hub, Ripple sees the strategic expansion plan as a stepping stone toward tapping local talent to foster crypto growth.

Devraj Varadhan, SVP of Engineering, acknowledged:

“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 – our teams here will play a key role in driving Ripple’s innovations, ranging from blockchain protocol development and decentralized applications to machine learning and payment solutions.”

Toronto’s mayor John Tory welcomed Ripple’s decision to set base in the area and said:

“I’m thrilled that Ripple is putting down roots in Toronto where we know the company will be able to benefit from the highly skilled technical talent, booming ecosystem, and competitive economic advantages 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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