Bitcoin Forum

ATLANTA, GA — August 14, 2014 – BitPay, the world leader in business solutions for the bitcoin digital currency, has expanded its San Francisco office with several new hires.  As part of the recent growth, the company has named Sonny Singh as its Chief Commercial Officer to oversee all sales operations.  With over 15 years of experience in helping to grow tech companies, Sonny will be responsible for increasing BitPay’s customer base of over 40,000 merchants.

Previously, Sonny was part of the founding sales team at Jumio as the Vice President of Sales and Business Development, where he was responsible for building and managing the sales team that signed up thousands of merchants including five of the top ten consumer Internet companies.

“BitPay offers merchants a no-risk way to increase revenue while decreasing interchange costs and credit card fraud,” Singh said.  “When I looked at the amazing growth rate BitPay has been experiencing, I realized bitcoin is a movement that is going to change ecommerce forever.”

Sonny has over 15 years’ experience in Silicon Valley and previously worked at InMage Systems and Niku which were acquired by Microsoft and Computer Associates respectively.

“Sonny’s experience in Silicon Valley makes him the perfect candidate to build out our San Francisco office,” said Tony Gallippi, Co-founder and Executive Chairman of BitPay.  “While BitPay is used by global enterprises, it’s also designed and priced so technology startups can go live quickly.”

Read the full press release at: http://cryptocoinchronicle.com/2014/08/bitpay-expands-san-francisco-office/

This is likely happening because bitcoin adoption by merchants is expanding. This will likely mean that the overall long term demand for bitcoin will likely rise (along with the long term price).