Today we are excited to announce the opening of BitPay's new European headquarters at Herengracht 458 in Amsterdam's Golden Bend.
We are pleased to be continuing our investment in expanding BitPay internationally to remain a global leader for innovation. We can start calling Amsterdam home and are happy to be a part of the ongoing economic revitalization of this neighborhood. Our new 2,500 sq. ft. space on Herengracht includes room for 40 people (and has an indefinite lease). It also includes space for businesses and individuals to learn about bitcoin and our vision for the future.
Our new office has been developed to reflect our company's culture and includes open plan seating, collaborative meeting spaces, and a glass and steel meeting room with vintage banking furniture. The building is especially important to us because the complex was formerly the seat of power for the Deutsche Bank and similar trust and banking companies. In the very place where bankers decided to charge small businesses the highest transaction fees, we will work to offer all businesses a payment option without transaction fees.
The space also celebrates the industrial age and the hardworking spirit which we embrace. We've worked to source vintage and industrial furniture from local businesses, furthering our commitment to the community.
The office also has opened up a dedicated bitcoin workspace. Community members have been asking for an easier ways to reach our team, including an open and shared working environment for any and all people interested in bitcoin. With our new workspace, we are aiming to better connect with our community and help make getting started with BitPay, attending events, and learning about the future of finance more seamless.
The story of the new European HQ in Amsterdam is also the story of how we develop office space in BitPay cities around the world. From Atlanta to Buenos Aires to San Francisco, we build out spaces within the urban centers, supporting local businesses whenever possible, while creating a creative workspace for our quickly growing local teams.
We've come a long way from our first space in Atlanta - a small office shared by our two co-founders in the Atlanta Tech Village. We thank our amazing customers and partners for giving us the opportunity to grow and create a world without fees.