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BitPay sees explosive 1900% growth in European bitcoin acceptance

bitpayAMSTERDAM – September 8, 2014 — BitPay, the world leader in business solutions for the bitcoin digital currency, is moving to a larger office to meet the explosive increase in demand. Over the last three months, more than 2,500 merchants have signed up with BitPay bringing the number of European merchants to over 11,000.

BitPay’s new European headquarters is located at Herengracht 458 in Amsterdam’s Golden Bend. The 17th century building complex was formerly the seat of power for the Deutsche Bank and similar trust and banking companies.

The company has added more expertise to its staff with Timo Dijkstra as Compliance Specialist.  Timo previously worked as a Senior Compliance and Risk Consultant for PriceWaterhouseCoopers and has a Corporate Law degree from the University of Utrecht.

BitPay has also added Walter Drieënhuizen and Niels Kerstholt as Sales Associates, and Carla Jagger as the Office Manager.  Walter has previously worked at DocData, and Niels is a three time Olympian and world shorttrack speed skating 2014 relay champion.   Worldwide, BitPay has grown to 75 full-time employees with 5 offices in Atlanta, Amsterdam, San Francisco, Buenos Aires, and St. Petersburg.

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 Moe Levin, Director of European Business Development for BitPay. “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.

European merchants have processed more than 28 million euros this year in bitcoin payments compared to 1.4 million euros for the same months in 2013, which is a staggering 1900% year-over-year growth. The countries in Europe with the highest adoption rates are the United Kingdom, Germany and the Netherlands. Some of the most recognizable European companies accepting bitcoin with BitPay include AirBaltic, Destinia, Takeaway.com, Webhallen.se, Scan.co.uk, EasyHotel, 220 volt and Shipito.

About BitPay

BitPay is the leading merchant payment processor for the Bitcoin digital currency.  BitPay has offices throughout North America, Europe and South America and has raised over $32 million in funding from top investors including Index Ventures, Founders Fund, and Sir Richard Branson.

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