Stemming from itsrecent US$30 million investment led by Index Ventures with Richard Branson andJerry Yang, Bitpay has announced that it will be trebling its workforce.
Having now raised$32.7 million, Bitpay has received more investment than any other Bitcoinstartup. As part of its international expansion plan, around 70 new jobs willbe created over its locations in Atlanta, San Francisco, Buenos Aires andAmsterdam, Index Ventures writes.
The new positions willbe under the jurisdiction of co-founder Stephen Pair and comprise mainlydevelopers working on open source Bitcoin app development platform Bitcore, aswell as the Insight and Copay projects.
“Tony [Gallippi], Stephen and the team haveachieved a fantastic amount with scant resources, and the combination of thehuge market opportunity, the quality of the talent and this fresh injection ofcapital, will surely propel them to success on a global scale,” Index Ventures partner Jan Hammer said.
BitPay now processesover US$1 million per day in transactions from 30,000 customers, 50% of whomare in the US.