Refundo enables income tax refunds in Bitcoin Cash, Ethereum and Ripple » CryptoNinjas

Refundo, a provider of tax-related financial products and services, is once again making federal and state tax refunds available in cryptocurrency. Last year, Refundo launched CoinRT, a service that allows taxpayers to receive their federal and state tax refunds in Bitcoin (BTC). Starting today, Refundo is introducing support for Bitcoin Cash (BCH), Ethereum (ETC), and Ripple (XRP) as additional cryptocurrency options for receiving tax refunds.

How it works

Taxpayers who create a Refundo CoinRT account will each receive a unique routing and account number that they must enter on their tax return. They must also provide all necessary background information for Know Your Customer regulations as well as their BTC, BCH, ETH or XRP wallet address. Once the IRS or government direct deposit deposits the tax refund into this unique account, Refundo processes the refund and the cryptocurrency is deposited into the taxpayer’s designated wallet.

“We love new technology and are always looking for ways to help our customers seamlessly access their tax refund, however they see fit. When we launched support for Bitcoin last year, we knew we were just getting started. Cryptocurrencies are increasingly faster, cheaper and meet the needs of the underbanked. We are pleased to support BCH, ETC and XRP and look forward to adding more cryptocurrencies in the near future.”
– Roger Chinchilla, CEO at Refundo

Since its inception, Refundo has prided itself on being a champion for low-income taxpayers. Many low-income taxpayers face high fees and misleading terms and conditions when purchasing financial services. For a flat fee of $34.95, taxpayers, whether they file their taxes online or visit a tax preparer, can receive their refund in cryptocurrency. This way, they avoid waiting weeks for a tax refund check in the mail, paying check cashing fees, or going to a traditional bank.

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