- Ripple continues to influence Canada’s growth in the blockchain industry.
- It has just struck a partnership with the University of Toronto.
- This partnership boosts the entity’s existing UBRI program.
Ripple Labs is deepening its ties with the Canadian crypto community through its University Blockchain Initiative (UBRI). In detail, the company recently struck a partnership with the University of Toronto. Together, they aim to launch an independent XRP Ledger validator and recruit XRPL campus ambassadors for future cohorts.
Professor Andreas Veneris of the University of Toronto expresses his enthusiasm for the partnership. Specifically, he highlights Ripple’s role as an early leader in blockchain technology. The collaboration aligns with the university’s goals of promoting education around the XRP Ledger and advancing social well-being through blockchain research.
The UBRI program, which has been active for five years, has already invested over $2 million in Canadian universities to foster blockchain-based research and education. Thus, The University of Toronto joins the University of Waterloo and Toronto Metropolitan University as current Canadian partners. Now, it contributes to the growth of the program and the formation of a global academic consortium for future innovators.
In addition to UBRI, Ripple is expanding its presence in Canada. Less than a year after establishing an engineering hub in Toronto, the company has nearly doubled its initial hiring goals, growing the team to over 30 full-time members. Ripple plans to continue aggressive hiring efforts. It aims to expand the office to more than 70 employees, with a focus on engineers and support for business operations.
Ripple’s Internship Program
Adding on, the company is also investing in future talent through its internship program, surpassing its goal of hiring 10 summer interns. Previous interns have successfully transitioned into full-time roles, demonstrating the growing interest among students in pursuing careers in the crypto and blockchain industry.
Ripple’s expansion in Toronto reflects the city’s reputation as a hub for innovative technology and diverse talent. The company is excited to tap into the city’s brightest minds and continue its community-powered utility on the XRP Ledger, while supporting further blockchain research and development in academia.
As Ripple’s presence in Canada grows, the company looks forward to welcoming exceptional talent and contributing to the advancement of the crypto industry in the region.
