BitPay Inc. has followed up the January announcement of moving its headquarters to Atlanta with a statement that they will open a large software development center. The 100,000 square foot center will be located in the Buckhead region of Atlanta at Atlanta Tech Village.
The company, started by Georgia Tech graduates Anthony Gallippi and Stephen Pair, is now one of the world’s largest processors of the alternative world currency known as Bitcoins. The Bitcoin payments promise 100% security from fraud and offer lower transaction costs than standard credit card payments.
Bitpay has over 3200 merchants worldwide using their software to accept Bitcoin payments. During 2012 BitPay processed over $3.3 million in Bitcoin payments.