PayPal seals investment with crypto tax automation software. In an announcement on January 7, Taxbit, a company providing cryptocurrency tax automation software shared that it has sealed investments from Paypal, Coinbase and Winklevoss Capital.
The announcement reads “Taxbit which offers cryptocurrency tax automation software targeted for crypto users, exchanges, and merchants, is excited to announce new investments from PayPal Ventures, Coinbase Ventures, and existing investor, Winklevoss Capital.”
Austin Woodward, CEO and Founder of TaxBit and Certified Public Accountant expressed “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.”