BitPay has moved its European headquarters to the historic complex at Herengracht 458 in Amsterdam’s Golden Bend. The office has 2500 sq ft and will have room for 40 people It will also provide space for businesses and individuals to learn about Bitcoin. In a press release, the company said that bitcoin acceptance has increased 1900% in Europe.
Within the last 3 months, over 2500 merchants have signed up with BitPay, bringing the total in Europe to 11,000. Moe Levin, Director of European Business Development for BitPay, explained:
“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. 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.”
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The new site was formerly the “seat of power for” Deutsche Bank and other financial institutions. Ironically, BitPay notes that the space previously used to “charge small businesses the highest transaction fees” will now be transformed into one offering them the option to do away with them.
The new space has been developed to “reflect the company’s culture and includes open plan seating, collaborative meeting spaces, and a glass and steel meeting room with vintage banking furniture.”
The European expansion comes as the company continues to expand its workforce, which recently included two new executives at the San Francisco office.