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Ripple Steps into Canada: Opens Hub in Toronto

Ripple Labs, the company behind the Ripple blockchain payment protocol and XRP-based products, opened an office in Toronto on Wednesday. It is the company’s first...
Ripple Steps into Canada: Opens Hub in Toronto Ripple Steps into Canada: Opens Hub in Toronto

Ripple Labs, the company behind the Ripple blockchain payment protocol and XRP-based products, opened an office in Toronto on Wednesday. It is the company’s first office in Canada that will serve as the key engineering hub.

According to an official announcement, the move comes as part of Ripple’s continued growth in the North American region. The San Francisco-based company plans to hire 50 new engineers in the area and eventually expand its team to hundreds of technical and managerial positions.

“Crypto is one of the most thrilling industries to work in, so it’s no surprise that talent is leaving tech incumbents and traditional finance to enter this space.

We are continuing to scale and invest in our business by expanding our presence globally with our first office in Toronto,” Ripple’s CEO Brad Garlinghouse stated.

Canada introduced programs intended to bring skilled employees into the country several years ago. Since then, Toronto settled as one of the serious candidates to become the third-biggest tech hub in the North American region apart from the Silicon Valley and New York, as it hosts numerous technology startups and a broad community of tech-related residents.

Additionally, Ripple has earlier collaborated with Canada’s University of Waterloo and Toronto Metropolitan University on a blockchain research initiative program and has hired its graduates for the new office.

Open for Growth

Opening in Toronto follows the company’s strategy to expand despite the severe market conditions.

Earlier this year, Ripple’s CEO Brad Garlinghouse assured that Ripple Labs has prepared for the market downturns. According to him, the company has a significant balance sheet that allows for hiring new employees and exploring future mergers and acquisitions.

“We are looking a lot at different segments in crypto for growth. We’ve been investing in over 30 or 40 companies around the crypto ecosystem and we continue to look for opportunities to grow through external acquisitions also,” Garlinghouse then stated.

Last year Ripple opened offices in Miami and Dublin, Ireland to serve the growing European market. According to Ripple, the interest in blockchain-based payment services is increasingly growing in Europe, where nearly 60% of respondents at financial institutions in Europe are keen to use blockchain for payment transfers.

Ripple is currently on its way to settling an office in India’s Bengaluru province known as the major IT hub in the country. As seen from the company’s job listings, Ripple was hiring a senior project manager for engagement with the world’s central banks and various CBDC projects.

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26-06-2022 18:27:22 (UTC+7)

EUR/USD

1.0554

+0.0031 (+0.29%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (4)

EUR/USD

1.0554

+0.0031 (+0.29%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (4)

GBP/USD

1.2272

+0.0012 (+0.10%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

USD/JPY

135.23

+0.29 (+0.22%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.6944

+0.0055 (+0.80%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

USD/CAD

1.2891

-0.0103 (-0.79%)

Summary

↑ Sell

Moving Avg:

Buy (0)

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Indicators:

Buy (2)

Sell (5)

EUR/JPY

142.71

+0.71 (+0.50%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

EUR/CHF

1.0114

-0.0001 (-0.01%)

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↑ Sell

Moving Avg:

Buy (1)

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Buy (1)

Sell (6)

Gold Futures

1,828.10

-1.70 (-0.09%)

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↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

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Silver Futures

21.130

+0.088 (+0.42%)

Summary

Sell

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Buy (0)

Sell (12)

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Buy (4)

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Copper Futures

3.7365

-0.0025 (-0.07%)

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Sell

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Buy (1)

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Buy (4)

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Crude Oil WTI Futures

107.06

+2.79 (+2.68%)

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↑ Sell

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Sell (12)

Indicators:

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Sell (9)

Brent Oil Futures

113.19

+3.14 (+2.85%)

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↑ Sell

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Natural Gas Futures

6.173

-0.066 (-1.06%)

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↑ Buy

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Buy (7)

Sell (5)

Indicators:

Buy (10)

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US Coffee C Futures

223.40

-5.60 (-2.45%)

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↑ Buy

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Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

Euro Stoxx 50

3,533.17

+96.88 (+2.82%)

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Neutral

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Buy (4)

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Indicators:

Buy (4)

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S&P 500

3,911.74

+116.01 (+3.06%)

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↑ Buy

Moving Avg:

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Buy (8)

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DAX

13,118.13

+205.54 (+1.59%)

Summary

↑ Sell

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Buy (2)

Sell (7)

FTSE 100

7,208.81

+188.36 (+2.68%)

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↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

Hang Seng

21,719.06

+445.19 (+2.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Buy (6)

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US Small Cap 2000

1,765.74

+54.06 (+3.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (9)

Sell (0)

IBEX 35

8,244.10

+137.70 (+1.70%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (3)

Sell (5)

BASF SE NA O.N.

42.215

+0.785 (+1.89%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

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Buy (7)

Sell (1)

Bayer AG NA

57.79

-0.75 (-1.28%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

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Sell (7)

Allianz SE VNA O.N.

181.20

+2.20 (+1.23%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (4)

Adidas AG

170.36

+3.30 (+1.98%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (5)

Deutsche Lufthansa AG

5.966

-0.310 (-4.94%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (6)

Siemens AG Class N

102.62

+3.36 (+3.39%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

Deutsche Bank AG

8.919

+0.407 (+4.78%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

 EUR/USD1.0554Buy
 GBP/USD1.2272↑ Sell
 USD/JPY135.23↑ Buy
 AUD/USD0.6944↑ Sell
 USD/CAD1.2891↑ Sell
 EUR/JPY142.71↑ Buy
 EUR/CHF1.0114↑ Sell
 Gold1,828.10↑ Buy
 Silver21.130Sell
 Copper3.7365Sell
 Crude Oil WTI107.06↑ Sell
 Brent Oil113.19↑ Sell
 Natural Gas6.173↑ Buy
 US Coffee C223.40↑ Buy
 Euro Stoxx 503,533.17Neutral
 S&P 5003,911.74↑ Buy
 DAX13,118.13↑ Sell
 FTSE 1007,208.81↑ Buy
 Hang Seng21,719.06↑ Buy
 Small Cap 20001,765.74↑ Buy
 IBEX 358,244.10Sell
 BASF42.215↑ Buy
 Bayer57.79↑ Sell
 Allianz181.20↑ Sell
 Adidas170.36↑ Sell
 Lufthansa5.966↑ Sell
 Siemens AG102.62↑ Buy
 Deutsche Bank AG8.919↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,760/ 6,840
(6,760/ 6,840) # 1,696
SJC HCM6,785/ 6,865
(0/ 0) # 1,716
SJC Hanoi6,785/ 6,867
(0/ 0) # 1,718
SJC Danang6,785/ 6,867
(0/ 0) # 1,718
SJC Nhatrang6,785/ 6,867
(0/ 0) # 1,718
SJC Cantho6,785/ 6,867
(0/ 0) # 1,718
Cập nhật 26-06-2022 18:27:28
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$1,827.54+2.910.16%
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Sản phẩmVùng 1Vùng 2
RON 95-V33.47034.130
RON 95-III32.87033.520
E5 RON 92-II31.30031.920
DO 0.05S30.01030.610
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Ngoại tệMua vàoBán ra
USD23.080,0023.390,00
EUR23.828,4125.163,09
GBP27.747,3328.930,97
JPY167,31177,13
KRW15,4518,82
Cập nhật lúc 18:20:48 26/06/2022
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