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XRP Tax Refunds Become Available for All American Taxpayers

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Tue, 01/28/2020 - 16:03
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  • More than 141 mln US taxpayers can now receive their tax refunds in XRP, Ethereum (ETH), and Bitcoin Cash (BCH)

Cover image via 123rf.com

Tax service provider Refundo has just made an announcement about allowing its customer to receive state or federal tax refunds in XRP, Ethereum (ETH), or Bitcoin Cash (BCH), the company's press release states.    

Before the above-mentioned cryptocurrencies were added to the service, Bitcoin had been the only option for 141 million American taxpayers who wanted to dabble in crypto. Refundo introduced its CoinRT product that allows receiving taxes in BTC back in May 2019 after forming a partnership with leading crypto-oriented payment processor BitPay. 

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The modus operandi of CoinRT is very simple. One has to create a unique account and prepare his or her tax returns to later e-file them with the IRS. After receiving tax refunds from the agency, CoinRT will convert them into your preferred crypto and send it directly to your designated wallet.

This level of convenience comes at a price — Refundo customers are required to pay a flat fee of $34.95.       

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Roger Chinchilla, CEO at Refundo, says that this allows their customers to access refunds "in a seamless manner."

 “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,” she said in a statement. 

In the future, Refundo plans to introduce support for additional cryptocurrencies.  

 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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News
Wed, 04/01/2020 - 07:13
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  • Mike Novogratz is convinced that when central banks make money grow on trees, then it's time to buy Bitcoin

Cover image via www.bloomberg.com

When central banks make money grow on trees, Mike Novogratz, the CEO of Galaxy Digital, has one message for his followers - buy Bitcoin (BTC). 

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Yes, money does grow on trees   

'Money doesn't grow on trees' is a popular expression that parents constantly hammer into the heads of their children. It means that money is a limited resource and encourages people to put in a significant effort in order to obtain it. 

However, this fable apparently doesn't apply to the U.S. Federal Reserve and the Bank of England, who unleashed unlimited liquidity to save the ailing global economy from the coronavirus-driven fallout. 

As absurd as it sounds, fiat money does grow on trees in 2020 (at least for central banks). 

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2020 could be Bitcoin's year 

Against this backdrop of incessant money printing, Bitcoin, a disinflationary currency whose total supply is strictly limited to 21 mln, has never seemed more attractive. Novogratz described it as the strongest bull case for the benchmark cryptocurrency. 

Even though crypto failed to perform as a safe haven during the coronavirus-driven sell-off, the Wall Street bull recently opined that 2020 could end up being another big year for Bitcoin.     

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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