Ripple (XRP) makes a strategic expansion to drive crypto innovations, despite unending cases with the SEC. The top crypto solutions and blockchain enterprise company has inaugurated a new office in Toronto. This recent office dubbed a ‘key engineering hub” is Ripple’s first landing in Canadian territory. Notably, the underlying motive here is to stimulate crypto innovations in the region.
Ripple’s Engineering Hub To Drive Crypto and Blockchain Innovation
To bolster its continued growth in the region of North America, Ripple has taken its branch to the Canadian city. For the time being, the company is set to hire only 50 blockchain engineers in the dynamic metropolis.
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Subsequently, Ripple intends to employ the services of hundreds of blockchain software engineers including applied machine learning scientists, data scientists, and product managers across the globe.
Primarily, the blockchain firm seeks to discover and onboard engineering talents in the region, leveraging their skills to innovate, build and proffer lasting crypto solutions to customers.
Interesting, the Mayor of Toronto, John Tory is excited about the move by Ripple as indicated in his statements;
“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.”
“Ripple’s globally-renowned, innovative technology, and first-mover attitude will be a perfect fit for the diverse, entrepreneurial, and committed spirit of Toronto.”
From a wider perspective, this development by Ripple (XRP) has stood the company out among many other crypto firms. The current turbulence in the crypto markets has compelled many crypto companies to initiate layoffs and a pause on new hirings. In contrast, Ripple is seen to be onboarding more hands on deck, regardless of the bearish cryptocurrency sentiments.
Ultimately, it is clear that Ripple’s key priority is to bring on world-class talents into its ecosystem. Accordingly, they will help birth blockchain inventions and solutions, for the actualization of improved and satisfactory customer service, in the future years.
According to Devraj Varadhan, Ripple’s SVP of Engineering;
“At Ripple, we are a team of missionaries building breakthrough crypto solutions to unlock greater economic opportunities for everyone, everywhere, and that creates an exciting atmosphere.”
“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,” She added.
Ripple (XRP): Increasing Expansion
Ripple (XRP) continues to open new offices in key cities as it is focused on scaling and expanding its reach. In 2021, the company started up its offices in Miami and Dublin.
Per the announcement, the opening of the Toronto office further solidifies Ripple’s commitment to an already existing technology center. Ripple (XRP) intends to tap into Toronto’s local talent pool to recruit blockchain engineers toward fostering crypto innovation in the capital city.
“We are continuing to scale and invest in our business by expanding our presence globally with our first office in Toronto,” says Brad Garlinghouse, CEO of Ripple (XRP).