Ripple Labs, a fintech and blockchain firm, has revealed its desire to hire hundreds of people over the next few years after announcing the opening of a new office and intentions to employ 50 engineers in Toronto, Canada, in a statement on June 22.

Ripple CEO <a href="https://www.cryptoknowmics.com/news/ripple-ceo-brad-garlinghouse-agrees-with-cftc-commissioner-pham/" target="_blank" rel="noopener">Brad Garlinghouse</a> stated that the business chose Toronto as the location for its engineering hub in a video of the branch opening posted on the company's Twitter page on July 31. Garlinghouse called Toronto a community with "great engineering expertise."

He added that Ripple would hire 50 new people in its Toronto office by the end of the year, as well as an additional 100 to 200 in the years to follow:
<blockquote><em>"I think you are all aware we plan to hire 50 people this year, with an intent of adding maybe 100 or 200 in the years ahead. (…) It isn't just around the decentralisation of assets. Talent is becoming decentralized."</em></blockquote>
https://twitter.com/Ripple/status/1553810329074909188
<h2>Ripple Plans For Expansion Despite Obstacles</h2>
To make Toronto a significant technology hub for <a href="https://www.cryptoknowmics.com/news/the-chips-bill-creates-a-position-to-advise-the-president-on-blockchain/" target="_blank" rel="noopener">blockchain</a> and cryptocurrency solutions and make it simpler for the firm to expand its operations in the region and elsewhere around the world, Ripple recently announced the launch of its Toronto office. This is only a tiny portion of Ripple's expansion efforts.

Since December 2020, it has been engaged in a costly legal battle with the US Securities and Exchange Commission (<a href="https://www.sec.gov/" target="_blank" rel="nofollow noopener">SEC</a>), despite the current crypto winter. The business pledged one billion XRP tokens in mid-March, worth approximately $790 million at the time, to support project developers constructing on its payment-focused ledger. The tokens will be distributed over the ensuing 10 to 20 years.

Ripple to Open New Office in Toronto, Will Hire 50 Employees

Ripple Labs, a fintech and blockchain firm, announced the plans to open a new office with 50 engineers employed in Toronto in a statement on June 22.

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Ripple to Open New Office in Toronto, Will Hire 50 Employees

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