The name of the street comes from the word Lipscan, a merchant who sold goods brought from Lipsca on Romanian markets .
The Ulița Lipscanilor, even if not under this name, has existed since the beginning of the 18th century.
Initially a very simple street that made the connection between the commercial center of Bucharest and the Mogoșoaia Bridge, Ulița Lipsacnilor will acquire a special importance during Constantin Brâncoveanu ‘s time.
The ruler named Cantacuzino, erected on the right side of the street an inn that will bear its name and which will last until 1880 when it will be demolished to erect the palace of the National Bank.
The buildings were nationalized in 1948, and in the 1980s, the communist authorities gave the houses for use to the gypsies who brought them into an advanced state of degradation.
The degradation of the area continued after 1990, and the atmosphere of the past has disappeared today almost entirely. During the restoration and restoration of the area, carried out in the beginning of 2010, under the pavement of Lipscani street the ruins of several medieval inns were discovered.