Stablecoin payments open up for Taxbit customers, following partnership with Mural Pay

Tax compliance platform for cryptocurrencies, Taxbit, teams up with Mural Pay to implement a payments system, enabling businesses to incorporate stablecoin payments into their daily operations. This system includes invoice creation and tracking capabilities, ensuring smooth financial reporting...

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2025 August 28 . 4:23 PM

2 min read

Partnering with Mural Pay, Taxbit facilitates the use of stablecoins for customer payments.

Stablecoin payments open up for Taxbit customers, following partnership with Mural Pay

In a groundbreaking move, Taxbit, a leading financial services provider, has partnered with Mural Pay to deploy a payments module for stablecoin payments. This partnership aims to make stablecoin payments accessible and beneficial for businesses without requiring expertise in blockchain or accounting.

According to Aaron Jacob, VP of Enterprise Accounting at Taxbit, stablecoins and payments are transforming the way companies transact and manage cash. He believes that this integration simplifies the adoption of stablecoin payments without requiring businesses to be blockchain or accounting experts.

The new module offers several key benefits. Businesses can easily accept stablecoin payments, generate and track invoices within their existing workflows, and meet financial reporting and tax compliance requirements accurately.

Faster and Less Expensive Cross-border Payments

Moving assets on-chain via stablecoins enables quicker and more cost-effective transactions compared to traditional payment methods. This feature is particularly useful for cross-border payments, as stablecoins can move globally and operate 24/7 at a fraction of the cost of traditional methods, according to Chris Fernandes, CTO and Co-founder of Mural Pay.

Seamless Operational Integration

The module supports day-to-day operations by combining invoicing, payment processing, and financial tracking, reducing complexity in treasury and back-office functions. This seamless operational integration is a significant advantage for businesses looking to streamline their financial processes.

Multi-region Support

The solution is available for customers in the US, Europe, Latin America, and globally, facilitating international business payments. This multi-region support is crucial for businesses operating in multiple jurisdictions.

Enhanced Compliance and Reconciliation

Taxbit provides tools to track on-chain payments, reconcile funds across multiple blockchains, and ensure adherence to tax and accounting regulations. This enhanced compliance and reconciliation feature helps to reduce manual workload and potential errors.

Improved Treasury and Cash Management

Stablecoin payments transform how companies manage cash flow and treasury operations by enabling programmable, on-chain asset movement with immediate settlement. This improvement in treasury and cash management is a game-changer for businesses seeking efficient cash management solutions.

In summary, Taxbit's stablecoin payments module empowers businesses with efficient, compliant, and scalable stablecoin payment capabilities integrated into their financial and operational systems. The partnership with Mural Pay is a significant step towards mainstream and enterprise adoption of digital assets.

Moreover, the total transfer volume of stablecoins last year was $27.6 trillion USD, surpassing the combined value of Visa and Mastercard transactions in 2024. This indicates the growing acceptance and use of stablecoins in the global financial landscape.

The stablecoin industry is indeed revolutionizing the way people transact, as highlighted by the World Economic Forum. Chris Fernandes believes that stablecoins will see an exponential increase in adoption by institutions due to their benefits like faster settlements and lower fees.

Taxbit is providing the tools and solutions companies need to support critical functions like tracking on-chain payments, reconciling on-chain funds, operating across multiple blockchains, and ensuring tax and accounting compliance. With this partnership, Taxbit has expanded its financial services offerings to include around-the-clock payments and collections functionality.

[1] Source: Taxbit Press Release [5] Source: Mural Pay Whitepaper