Ripple announced the opening of a new office in Toronto, its first in Canada, which will serve as an engineering hub supporting its growth in North America, the company said in a news release.
The distributed ledger tech company plans to 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, it said on Wednesday.
“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,” said Brad Garlinghouse, CEO of Ripple.
While others in the industry have announced layoffs, Ripple’s priority remains bringing in talent that will help us innovate for years to come, the statement said.
The opening of the Toronto office furthers Ripple’s commitment to a region that is already a tech hub where it can tap into a local talent pool and recruit engineers to foster crypto innovation, it said.