Bitcoin [BTC]: BitPay-Refundo partnership will enable tax returns in Bitcoin
BitPay, the Atlanta-based payment service provider, created a buzz in the crypto-community after publicly announcing a partnership with Refundo, a financial services firm. The main objective of this collaboration is to enable U.S. taxpayers to receive federal or state tax refunds in Bitcoin [BTC], while ensuring low transaction fees and faster transaction speed.
The BitPay-Refundo partnership was announced by BitPay through a tweet from its official Twitter account,
“You can get your federal and state #TaxRefunds in #Bitcoin through our partnership with @refund. Check it out!”
Refundo’s CEO, Roger Chinchilla, termed the addition of Bitcoin on their CoinRT platform a “natural fit” and emphasized on creating a comfortable experience for “under-banked customers.” As of now, CoinRT platform enables Bitcoin payouts for a “flat” 1% fee.
Further, BitPay also recently partnered with Corporate Traveller, a UK-based business travel management company, to accept payments in Bitcoin and Bitcoin Cash [BCH].
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