Atlanta based bitcoin merchant processing firm, BitPay, has announced that it is expanding its physical presence with the launch of two new offices, one in San Francisco and the other in New York. The expansion occurs shortly after the firm announced early this month that their client base of approved merchants rose to 26,000, from 10,000 a little over six months ago.
Paige Freeman, VP of Sales at BitPay who will be leading the San Francisco office along with BitPay West Coast Director John Dreyzehner, stated in the firm’s public release that “BitPay has many merchants accepting bitcoin throughout Silicon Valley so we are thrilled to extend our exceptional sales and customer support by opening an office in San Francisco. We look forward to expanding into various markets both here in the U.S. and internationally.”
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In New York, the office will be led by new hire, Andy Goldstein, previously a 15 year veteran at Visa. According to BitPay, Goldstein will responsible for merchant accounts in the eastern United States and eastern Canada. The hiring of Goldstein brings BitPay’s headcount of full time employees to 31, will the majority working in the company’s Atlanta headquarters.
The expansion at BitPay is taking place as it competes with rival Coinbase in the merchant payment services space. However, even with the competition, both firms have reported strong growth and steady new hiring.