![]() Once the IRS or the state deposits the refund, BitPay processes the payment and deposits the tokens in the user’s BTC address.īitPay’s Head of Business Solutions Rolf Haag expressed the company’s excitement at the partnership stating: The users must also go through a comprehensive know-your-customer process and lastly, provide their BTC address. Upon creating an account, taxpayers receive a unique routing and account number to input on their tax return. CoinRT enables them to get Bitcoin quickly and easily for one flat fee.” Adding Bitcoin was a natural fit for our customers who often do not have traditional checking accounts, pay high check cashing fees and regularly send money internationally. “Refundo offers several options to help taxpayers receive their tax refunds safer, faster and more conveniently. In a press release shared with CoinGeek, the CEO of Refundo, Roger Chinchilla explained the reason the company added BTC support: The New York-based firm promises low fees and high speed transactions, benefits that users who choose to receive their refunds in BTC will purportedly enjoy. Refundo’s new product, CoinRT will process all or a portion of the refunds.įounded in 2011, Refundo caters to clients from low income communities. Through the partnership, Refundo users will be able to access their federal and state tax refunds in BTC directly through BitPay’s payouts. This is after a partnership between leading crypto payments processor BitPay and Refundo, a leading provider of tax related financial products. US citizens will now be able to accept their tax refunds in Bitcoin Core (BTC).
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