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Crypto.com Announces Partnership With Tax Providers And An Invoicing Feature

By Lorenzo - 2020-03-25

Yesterday, Crypto.com, a crypto payment platform, announced its partnership with 3 different tax providers, CoinTracker, CryptoTrader.Tax and Token Tax. The IRS has already set the Tax deadline on April 15 for US citizens but hax extended it to July 15 for some taxpayers due to the Coronavirus Outbreak.
Crypto enthusiasts and traders always had a tough time filling their crypto taxes due to regulatory uncertainty and the complexity of it. The IRS has already released a small guide for crypto users but it is still not an easy task. Crypto.com has partnered with leading tax providers in order to help users generate their tax reports with a simple click. 
"You can't escape death and taxes, might as well attempt to make the latter as seamless as possible. We're thrilled to partner with leading players in this space to simplify the reporting process for Crypto.com users." said Kris Marszalek, Co-Founder and CEO of Crypto.com

New Crypto.com Feature for Merchants and Customers

At the same time, Crypto.com announced the launch of a new Invoice feature designed to help merchants generate and send invoices to their customers. They can generate invoices for free and using prices set in fiat. Buyers can then settle the invoice using supported cryptocurrencies and the payment amount will automatically be converted.
According to the official announcement, merchants can sign up right now and receive a settlement fee waiver for the next 6 months. Additionally, the rate at which crypto-to-fiat is converted is fixed to avoid wild market fluctuations due to volatility in the crypto market.