Ripple opened a crypto hub in Toronto, Canada, aiming to hire 50 programmers

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Ripple Labs has opened a new office in Toronto, Canada with the intention of creating an engineering hub to drive crypto innovation by recruiting top tech talent in the area. This will be Ripple’s first office in Canada as they continue to expand in North America.

The company behind the XRP (XRP) cryptocurrency made this announcement on Wednesday. According to the AnnouncementRipple initially plans to hire 50 engineers with the goal of expanding the office with hundreds of blockchain engineers, from data scientists and machine learning scientists to product managers.

“Crypto and blockchain present an incredible opportunity for engineers to tackle difficult problems, with the potential for these solutions to influence the movement of value around the world,” said Brad Garlinghouse, CEO of Ripple.

As blockchain technology becomes more mainstream, Ripple plans to capitalize on it by hiring top tech talent and expanding its presence around the world. CEO Brad Garlinghouse further said:

“Almost every financial institution is coming up with its crypto strategy to take advantage of this technology that will support our future global financial systems. Crypto is one of the most exciting sectors to work in, so it’s no surprise that talent is leaving the established tech companies and traditional financial institutions to enter this space. We continue to grow and invest in our business by expanding our presence worldwide with our first office in Toronto.”

Ripple already has a University Blockchain Research Initiative (UBRI) in the region and they partner with universities and colleges such as the University of Waterloo and Toronto Metropolitan University.

Ripple plans to expand around the world and already opened offices in Miami, Florida and Dublin, Ireland last year. Earlier this year, Ripple and FTX on the watch for acquisitions to boost their growth. The company also announced a NFT Incubation Program in March.

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