U.S. Taxpayers Can Receive Federal or State Tax Refunds in Bitcoin

By CCN.com: U.S. taxpayers can receive all or part of their federal and state tax refunds in bitcoin. This is being made possible through a collaboration between blockchain payments processor BitPay and Refundo, a provider of tax-related financial products. In a statement, Refundo says its CoinRT product is especially useful for low-income communities that don’t have checking accounts and often resort to paying high check-cashing fees. That said, Refundo’s CoinRT service is not free. CoinRT costs $34.95 per refund transfer, and that doesn’t include BitPay’s 1% service fee. Refundo focuses on low-income communities Refundo specializes in serving low-income communities. Refundo

The post U.S. Taxpayers Can Receive Federal or State Tax Refunds in Bitcoin appeared first on CCN