Crypto firm TaxBit gets investments from PayPal, others

Thursday, 07. January 2021 13:31

TaxBit, a Utah-based company that offers cryptocurrency tax software, announced on Thursday it received investments from PayPal Ventures, Coinbase Ventures, and existing investor, Winklevoss Capital.

The company plans to use the investment to increase the number of its employees and expand its business.

"We want to thank our customers, partners, and investors for helping us move the cryptocurrency space forward. This investment will help us achieve our aim of being the most innovative and trustworthy provider of cryptocurrency tax technology," TaxBit founder and CEO Austin Woodward said.

Related Links: PayPal Holdings Inc.
Author:
Breaking the News / MD