The focus of the Bitcoin world seems to be in a few different places. North America, where many of the largest Bitcoin companies are located and where acceptance has taken off in a big way. China, where the legal controversy has kept it making headlines. And the third world, where Bitcoin has great potential with remittance and helping serve the underbanked.
Because of this, our European counterparts are often overlooked, but that doesn’t mean they aren’t making big strides toward expanding Bitcoin’s influence.
BitPay’s Numbers
BitPay, one of the largest Bitcoin merchant processing companies, recently announced their European numbers this year when compared to last year.
From January to August 2013, BitPay processed about 1.4 million euros of payments. A respectable number, to be sure, but a fairly small one compared to the larger European economy.
However, for those same months in 2014, BitPay has processed more than 28 million euros of payments, a growth rate of over 1900%. BitPay has also announced that over 2500 European merchants have signed up for BitPay’s services in the last three months alone, increasing the number of European merchants to over 11,000.
This is, of course, not including any payments made through Coinbase, GoCoin, or any number of local providers.
A Big Year For BitPay
Many of the biggest Bitcoin-adopting merchants of 2014 were brought into the Bitcoin sphere by BitPay.
The Bitcoin St. Petersburg Bowl, porn site xHamster, electronics retailer Newegg, online used car marketplace Beepi, electronics retailers Tiger Direct and Overclockers, the cryogenic freezing company Alcor (through which Hal Finney’s body was preserved), and many others.
Who would you like to see accept Bitcoin next?
Bitcoin Sees A 1900% Increase In Europe
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