Libra Launches Enterprise Tax Solution: Partners with Bitpay
Staying on the right side of the taxman just got a bit easier for businesses dealing with bitcoin and other digital currencies. On Tuesday, Libra, makers of LibraTax accounting service, introduced two new products in their suite of tax-reporting services. They also announced a new partnership with Bitpay, the world's largest bitcoin payment processor,....
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Bitcoin payment processing company BitPay recently announced alliance with Libra Tax in the wake of the upcoming tax reporting session in the US. The deal enables BitPay to forward Libra's Bitcoin tax account service to its merchants, which include major companies like Microsoft and Overstock that started accepting the digital currency back in 2014. As per the IRS ruling on virtual currencies that came into effect the same year, the businesses and individuals were made liable to treat their Bitcoin profits/losses like a usual stock or bond. This means that each and every of their....
PwC US FinTech lead Jeremy Drane has officially left the 'Big four' firm to serve as chief commercial officer for blockchain startup Libra. Formerly a startup offering tax compliance and reporting software to bitcoin users, the moves comes amid a transition at Libra that finds the startup seeking to establish itself as a "management information layer" for blockchain technologies. In accordance with this goal, Libra used the announcement to highlight other recent hires from the enterprise finance sector, noting its COO Dave Albert was formerly with BNY Mellon, while VP of product....
Libra is officially launching their first product today, LibraTax, which aims to be an all-in-one solution for individuals and businesses looking to simplify tax obligations when it comes to digital currencies. Up until now, LibraTax has been in beta, and the service provides users tools to be in compliance with Internal Revenue Service (IRS) requirements, and also from governments around the world. Also of interest, LibraTax integrates nicely with Coinbase and Blockchain wallets, making it easy to import transactions and calculate what is owed to tax authorities comes tax season. In....
Ripple, Enterprise blockchain and crypto solutions provider has partnered with FOMO Pay. FOMO Pay is a leading Singapore-based institutional digital payment solution provider and has become the latest firm to unify with Ripple’s liquidity solution. Through this integration, FOMO Pay is planning on using Ripple’s crypto-enabled enterprise technology which is supposed to enable its cross-border […]
BitPay has confirmed there will be at least five bitcoin ATMs installed either at or around Tropicana Field for the upcoming Bitcoin St Petersburg Bowl to be held this December. Trucoin will debut a custom bitcoin ATM solution and serve as the "preferred provider" of bitcoin ATMs for the event. The Georgia-based bitcoin brokerage indicated it would showcase five units manufactured by Genmega (which also supplies ATM hardware to Genesis Coin) and retooled with the company's custom software and compliance features. Trucoin co-founder and president Chris Brunner stressed that Trucoin still....