The objective of this collaboration is to make federal and state tax refunds available in Bitcoin (BTC), while ensuring low transaction fees and faster transaction speeds.
US citizens can now accept their federal or state tax refund in #Bitcoin – courtesy of the combined effort by the payment processor #BitPay and tax services company #Refundo. This could do wonders for mass adoption in the States and we applaud the effort!
— Weiss Ratings (@WeissRatings) May 1, 2019
The Bitpay and Refundo collaboration was announced in a press release on April 30, in which Refundo CEO Roger Chinchilla stated:
“Refundo offers several options to help taxpayers receive their tax refunds safer, faster and more conveniently. 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.”
The Bitcoin refunding program is being called Coin-RT and enables American citizens to receive their tax refund in Bitcoin for a flat 1% fee.
And what better way is there to use your April 15 tax windfall than investing it in Bitcoin?
What do you usually spend your tax refund on? Would you rather have it go straight into Bitcoin? Let us know in the comment section below.