Tax Refunds In Crypto? Refundo Leads The March

Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.
  • Tax-related products and service provider Refundo has made news again for its bet on Cryptocurrencies.
  • Refundo inevitably sets an example, being the leading service provider, as well as for opting to adopt technology such as cryptocurrencies at a broader level.
  • Refundo’s last year’s initiative included the introduction of CoinRT, a service build to provide refunds in Bitcoins

Tax-related products and service provider Refundo has made news again for its bet on Cryptocurrencies. Refundo inevitably sets an example, being the leading service provider, as well as for opting to adopt technology such as cryptocurrencies at a broader level.

They have announced to accept payments through Bitcoin Cash, Ethereum, and Ripple currencies. This surely would benefit the crypto market and overall increase it reaches to the broader audience.

Refundo’s last year’s initiative included the introduction of CoinRT, a service build to provide refunds in Bitcoins. Now with the introduction of multiple modes, Refundo sure has stepped up their game and shown their faith in technology, and it’s necessary adaptability.

As said by their CEO, Roger Chinchilla-

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He took these steps surely backs up the claim and makes room for other service providers to take more risk and creates a more positive approach towards cryptocurrencies.

Although it’s a very initial stage to predict how far the role of cryptocurrency will go in the service and product industry, one can plainly see it’s potential, accounting for it’s lower cost and a higher level of security.

It has already become an acceptable exchange mode in online retail or e-commerce. And as other service industries such as hotels and restaurants, online casinos and charity with companies such as Microsoft, Amazon, Target, Walmart, Nike, Dell, and CheapAir who have already accepted it as a payment mode in the past.

Bitcoins have seen skeptically by companies in the finance industry, as many companies providing cryptocurrency exchange didn’t fulfill the legal requirements of customer knowledge and money laundering prevention.

Which made financial bodies hesitate to take on the revolutionary currency as a medium of payment or exchange. But as times have changed, cryptocurrencies as Bitcoin, Ethereum, and Ripple have succeeded in gaining the trust of industries through their performance and reliability.

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