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Pay Your Taxes with Bitcoin using SnapCard by shortsegments

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bitcoin · @shortsegments ·
$6.92
Pay Your Taxes with Bitcoin using SnapCard
**Pay Your US Taxes with Bitcoin**

**Using Snapcard**

Bitcoin-based shopping cart SnapCard is a online shopping company, which allows consumers to buy things online with Bitcoin. 

SnapCard is now expanding its business to offer American citizens a way to pay their taxes to the Internal Revenue Service using Bitcoin. 

SnapCard users will pay SnapCard in Bitcoin and SnapCard pays the Internal Revenue Service in dollars. SnapCard uses an unnamed third party payment processor to facilitate the process.  

SnapCard charges 1.87% for the service and the payment processor charges ten dollars US. 

In the interview, the SnapCard CEO stated that thus far SnapCard had processed more than $300,000 in BTC transactions from an active base of over 2,500 users.

**Sources:**
1. https://www.coindesk.com/pay-taxes-bitcoin-snapcard-pay-irs
2. https://www.coindesk.com/snapcard-merchants-shop-bitcoin
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 936 others
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vote details (1000)
@alokkumar121 ·
$0.05
Great move for cryptocurrency traders.

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vote details (1)
@arcange · 
Congratulations @shortsegments!
Your post was mentioned in the [Steem Hit Parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20190225) in the following category:

* Upvotes - Ranked 3 with 2448 upvotes
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@shortsegments · 
Thank you
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@calisthenicsdrop ·
$0.03
That’s good and bad! But I’m not gonna discuss this for now ;) 

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@shortsegments · 
LOL πŸ˜‚ 
I guess as in all things there is both good and bad.
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@csharma ·
$0.03
Everything is good going for cryptocurrency good news.

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@dominion01 ·
$0.04
Great news!  More adoption.

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@mihirbarot ·
$0.03
That's cool news for crypto investor .

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vote details (1)
@schizoarts ·
$0.05
I think that taxes are not actually paid with btc, but in the transaction an intermediary is added that capitalizes the volatility of the cryptocurrencies in its favor. This news has a double bottom.

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vote details (1)
@shortsegments · (edited)
Yes, if you pay your Federal taxes with Bitcoin you are actually paying your Bitcoin to an intermediary, who then pays the IRS in fiat. But from your end only Bitcoin left your wallet πŸ˜‚πŸ€£
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@shashiprabha ·
$0.03
good for Crypto booster.

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