Ripple Opens Engineering Center in Toronto to Boost Crypto Innovation

Ripple Opens Engineering Center in Toronto to Boost Crypto Innovation

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SAN FRANCISCO–(BUSINESS WIRE)–Ripple, the leader in blockchain and enterprise crypto solutions, today announced a new office in Toronto that will serve as a key engineering hub. The new office will be Ripple’s first in Canada, supporting its continued growth in North America and beyond. The company plans to initially hire 50 engineers in Toronto with the goal of expanding to hundreds of blockchain software engineers, including applied machine learning scientists, data scientists and product managers.

“Crypto and blockchain present an incredible opportunity for engineers to tackle tough problems, with the potential for these solutions to impact the movement of value around the world,” says Brad Garlinghouse, CEO of Ripple. “Almost all financial institutions are building their crypto strategy to take advantage of this technology that will underpin our future global financial systems. Crypto is one of the most exciting industries to work in, so it’s no surprise that talent is leaving tech incumbents and traditional finance to enter this space. We continue to evolve and invest in our business by expanding our global presence with our first office in Toronto.

While other industry players have announced layoffs and hiring freezes, Ripple’s top priority remains attracting world-class talent that will help us innovate and serve our customers for years to come. In the past year alone, Ripple has opened new offices in key cities such as Miami and Dublin, and expects to hire hundreds of people globally in 2022.

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“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,” says Devraj Varadhan, SVP of Engineering at Ripple. “We are excited to tap into Toronto’s technical talent pool and add builders to address 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.

The opening of the Toronto office further solidifies Ripple’s commitment to a region that is already a leading tech hub. Ripple will tap into the local talent pool and recruit the best engineers to foster crypto innovation in Toronto.

“I am thrilled that Ripple is putting down roots in Toronto where we know the company can benefit from the highly skilled technical talent, thriving ecosystem and competitive economic advantages the region offers,” said John Tory, Town’s mayor. “Ripple’s world-renowned innovative technology and pioneering attitude will be a perfect fit for Toronto’s diverse, entrepreneurial and engaged spirit.”

Ripple has strong ties to the Toronto community through its University Blockchain Research Initiative (UBRI) and works with leading universities and colleges such as the University of Waterloo and Metropolitan University of Toronto. Together, Ripple and UBRI support cutting-edge research in several key areas of blockchain and crypto technology, and provide opportunities for students to acquire strong technical skills.

“Through our partnership with UBRI, graduate students are trained in the latest in blockchain and its fundamentals in order to be well prepared to enter the job market,” says Professor Anwar Hasan of the University of Waterloo. “Ripple and UBRI have played an important role in helping to nurture talent within the University and with the opening of its Toronto office, we are thrilled to see our graduates continue their blockchain journey – a city with a tech scene. fast growing.”

“The Cybersecurity Research Lab at Metropolitan University of Toronto is helping accelerate breakthrough innovations in blockchain and digital payments in Toronto through its partnership with UBRI,” said Dr. Atefeh (Atty) Mashatan , Canada Research Chair and Associate Professor, Information Technology Management at Metropolitan University of Toronto. “Ripple has shown that it is committed to providing the tools and resources necessary to lead the way in these efforts, and we look forward to seeing the impact the opening of its Toronto office will have on the pursuit of these innovations in the future.”

About Ripple

Ripple is a crypto solutions company transforming the way the world moves, manages and symbolizes value. Ripple’s business solutions are faster, more transparent and more cost effective – solving inefficiencies that have long defined the status quo. And together with partners and the broader developer community, we identify use cases where crypto technology will inspire new business models and create opportunities for more people. With each solution, we achieve a more sustainable global economy and planet – increasing access to inclusive and scalable financial systems while leveraging carbon-neutral blockchain technology and a green digital asset, XRP. This is how we fulfill our mission to create crypto solutions for a world without economic borders.

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