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US citizens can now receive their federal and state tax refunds in Ethereum (ETH), XRP and Bitcoin Cash (BCH), in addition to Bitcoin, through the tax service provider Refundo.
Refundo has partnered with BitPay to allow cryptocurrency enthusiasts to receive their refunds in the three popular altcoins. The service is called CoinRT. It launched in April of last year, with Bitcoin (BTC) as the first supported asset. CEO Roger Chinchilla says the company is just getting started.
“We love new technology and we’re always looking for opportunities to help our customers get access to their tax refund in a seamless manner and however they see fit.
When we launched support for Bitcoin last year, we knew we were just getting started. Cryptocurrencies are increasingly faster, lower cost, and fit the need of the underbanked.”
To get going, users sign up to CoinRT, verify their identity, provide a crypto wallet address and receive an account number and a routing number. When the IRS deposits the refund, BitPay automatically converts it to the cryptocurrency of the user’s choice and deposits it into their wallet.
[adinserter block="1"]Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/kkssr
