Despite SEC Lawsuit, Ripple Ramps Up Hiring Efforts in Strategic Locations
Ripple continues to hire for roles in business development, engineering, custody, finance, and legal in Geneva, London, Bangalore, San Francisco, Singapore, and Toronto. While continued hiring has been linked to the company’s plans to IPO, the focus for now remains on its legal battle with the SEC, which some expect to be pushed to next [...]
- Ripple continues to hire for roles in business development, engineering, custody, finance, and legal in Geneva, London, Bangalore, San Francisco, Singapore, and Toronto.
- While continued hiring has been linked to the company’s plans to IPO, the focus for now remains on its legal battle with the SEC, which some expect to be pushed to next year when Gensler could be out as SEC chair.
It’s been over three years since Jay Clayton filed a securities violation lawsuit against Ripple for issuing and selling XRP. The lawsuit has hung over the company since then, overshadowing the great leaps Ripple and the XRP ecosystem have made. However, Ripple continues to grind on, and as evidenced by its continued hiring for strategic roles, the company isn’t slowing down.
The blockchain payments company has listed dozens of positions on its careers page, many of which remain unfilled weeks after they were first posted.
Join a team building breakthrough blockchain solutions for a world without economic borders.
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Senior Product Manager, DeFi (London)
— Ripple (@Ripple) January 27, 2024
At press time, there are 67 open positions at the company. The bulk of the positions are in engineering, where the company is hiring blockchain researcher engineers, a principal software engineer, senior software engineers, staff data engineers, and more.
The custody department is also seeking to expand, hiring DevOps engineers, a sales director for APAC, a manager for partner engineering and more.
Other hiring departments include business development, finance, global operations, product and delivery, sales, people operations, and RippleX, its incubation and venture arm. As it faces legal trouble with the SEC, the company is also adding to its legal team, although some are based outside the US.
Geographically, the company is hiring its biggest batch in London, UK, where it has posted 19 jobs, a majority being in the engineering department. New York comes second with 15 jobs, while Bangalore, India, is fourth with seven jobs.
Ripple has been active in markets beyond the US, and India has emerged as one key target. With a population of 1.436 billion, the highest in the world ahead of China, and with its economy expected to overtake Japan and Germany into third, India will be a make-or-break market. Ripple has partnered with Indian organizations, including Yes Bank, which has over 6.5 million customers.
Ripple’s hiring spree has attracted rumors that its IPO is edging closer, an allegation that the company has previously dismissed. The company says that the SEC lawsuit is its priority for now. Earlier this year, CEO Brad Garlinghouse claimed that the company doesn’t intend to go public soon and even suggested that the IPO could be outside the US due to the SEC’s and its peers’ unfriendly regulations.
XRP Records Modest Gains
As Ripple marches on, XRP has yet to make sustained gains this year. It trades at $0.5554 at press time, losing 1.6% in the past day. Over the past week, it has gained 5.92%, setting a high of $0.577 in that time.
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