BitPay, one of the world’s largest Bitcoin payment processors, has come a long way since their first office in Atlanta where only the two co- founders were working on the future of payment processing. Now a world leader in business solutions for the Bitcoin digital currency, BitPay, is expanding yet again to a new office to meet the increase in global demand.
The need for a new Amsterdam office is marked by a 1900% increase in merchant adoption via BitPay since 2013.
2,500 merchants, and counting, have signed up for BitPay’s service. The total number of European BitPay merchants are now well over 11,000. BitPay sent CCN some photos of their new office located in a 17th-century building with the address Herengracht 458, Amsterdam, Netherlands. The building has been the office to the powerful Deutsche Bank earlier. It is fitting that the new generation of payment processing built on more secure and efficient technology should physically replace the old.
The Bitcoin payment processor has increased their employee stall to 75 employees located in five different offices around the world.
“In May when we first opened the office, we were adding about 200 merchants monthly, and for the month of August we added 1,100 new merchants in Europe,”
said the Director of European Business Development, Moe Levin.
“Europeans are familiar with multiple currencies and are at the forefront of mobile technology adoption, so it’s easy to see why bitcoin is popular and widely-used.”
Coinbase or BitPay?
BitPay has many competitors around the world, but most notably BitPay often competes with Coinbase for the same merchants. Every large American company that has chosen to accept Bitcoin has so far gone to BitPay or Coinbase for help. Most recently, BitPay’s largest catch has been none other than American classic ESPN. BitPay is working with ESPN to host St. Petersburg’s first “Bitcoin Bowl. As more and more companies realize the benefits of becoming Bitcoin accepting companies, these two services will do what they can to secure new clients (including other similar payment services).
Now it remains to see which of the competing Bitcoin payment processors will become the dominating one. What do you think? Comment below.