BitPay, Refundo enable federal and state Income tax refunds in bitcoin

Wednesday 1 May 2019 10:00 CET | News

The blockchain payments provider BitPay has announced that Refundo is making federal and state tax refunds available in bitcoin directly to taxpayers through BitPay`s Payouts.

Refundo taxpayers can receive all or a portion of the federal and state tax refunds in Bitcoin using Refundo’s CoinRT product.

Through Refundo, taxpayers create an account and are assigned a unique routing and account number to input on their tax return. Customers also provide all necessary background details for KYC regulations as well as a bitcoin wallet address. Once the IRS or state deposit the refund, BitPay processes the payment and the cryptocurrency is deposited into the taxpayers’ Bitcoin wallet.

Refundo is a provider of tax related financial products and services, offering taxpayers and tax professionals products like: refund advances, refund transfers, payment processing, audit assistance, and a white-label mobile app to help connect tax business with their clients.

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Keywords: BitPay, Refundo, Bitcoin wallet, financial services, blockchain
Countries: World