BitPay has teamed up with Dutch startup BitStraat to launch Amsterdam Bitcoin City, a project aiming to establish Amsterdam as the 'bitcoin capital of the world'. In order to claim this prestigious title, BitPay and BitStraat have developed special bitcoin payment terminals, which they are giving away free to 100 brick-and-mortar stores throughout the Dutch capital. BitStraat, which serves as a middleman for bitcoin-accepting merchants and payment processors such as BitPay, was founded by Amsterdam residents Max Barendregt and Kasper Keunen. "It only makes sense to establish Amsterdam as the global bitcoin capital," Barendregt said. "The Dutch capital has a history and a name for being technologically ambitious as well as open minded and forward thinking in general.