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Image credit: http://www.flickr.com/photos/105644709@N08/

Image credit: http://www.flickr.com/photos/105644709@N08/

Atlanta-based bitcoin payment processing company BitPay announced today that it will expand operations with new offices in New York and San Francisco. The company’s physical expansion into new markets has long been expected, and both cities are logical choices for new offices. San Francisco is a huge tech hub and home to many venture capital firms that have been key in developing bitcoin businesses in recent months, while New York is home to most of the nation’s biggest stock exchanges and is likely to open the first regulated bitcoin exchange.

BitPay has a bit of a head start on many other bitcoin companies, and claims to have over 26,000 merchant accounts, up from 10,000 only six months ago. The company already has 31 full-time employees, with six of those located in bitcoin hotspot Argentina.

Paige Freeman, BitPay’s VP of Sales, noted in the press release that the expansion was both a sales and customer support move. More expansions are likely as BitPay grows, and Freeman hinted that such growth may not be limited to the U.S., stating: “We look forward to expanding into various markets both here in the U.S. and internationally.”

BitPay also noted the addition of Regional Sales Manager Andy Goldstein to the New York City office. Goldstein is a 15-year veteran of Visa’s sales team.

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