April 30, 2019
BitPay Inc., a blockchain payments firm, has entered an agreement with Refundo, a firm specializing in tax-related financial services, to allow taxpayers to get all or part of their tax refund in bitcoin.
New York-based Refundo will integrate its CoinRT product with the BitPay Payouts service to facilitate refunds, a company press release said.
Taxpayers using Refundo will get a unique routing and account number to use on their tax returns and provide provide know-your-customer details and bitcoin wallet address. After the Internal Revenue Service or state tax authority deposits the refund, Bitpay will process the payment and the funds will be deposited in the taxpayer’s bitcoin wallet.
"We are thrilled to power Refundo’s CoinRT product," Rolf Haag, head of business solutions at BitPay, said in the announcement. "Refundo can now offer their customers a bitcoin payout for their tax refunds, meeting their customer’s demands for more digital choice."
Topics: Bitcoin, In-App Payments, Mobile Payments
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