.Ripple wants to go on a hiring spree in Canada after opening a new office in Toronto
Its new Toronto-based office will serve as the company’s “key engineering hub.” Garlinghouse says that the country’s most populous city has plenty of talent.
Ripple will go on a hiring spree in Toronto, aiming to hire “hundreds” of blockchain software engineers in the long run., Garlinghouse said that the company would continue hiring in sharp contrast to other major cryptocurrency companies, such as Coinbase, that have dramatically reduced their workforce. Ripple is sitting on a “significant” cash balance, which will make it possible for the company to weather the ongoing crisis.
Toronto Mayor John Tory says that Ripple will be “a perfect fit” for the city, praising the company’s “innovative technology.” Prior to opening its first office in Canada, Ripple had already collaborated with several Canadian universities as part of its University Blockchain Research Initiative program.
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