Taxbit, a platform for digital asset tax and accounting compliance, has partnered with Mural Pay to introduce a payments module facilitating stablecoin transactions, invoicing, and enhanced financial reporting for businesses globally. This collaboration integrates invoice generation and tracking directly into daily operations, ensuring compliance with financial reporting and tax filing requirements.
Through this partnership, Taxbit now offers a comprehensive suite of financial services under its brand, including payments, invoicing, treasury management, tax reporting, and operational accounting. The integration leverages Mural Pay’s technology to provide invoicing and payment functionality to Taxbit customers across the US, Europe, Latin America, and other global regions. Select Taxbit clients, such as digital asset exchanges, banks, fintechs, and government entities, can now directly invoice customers and accept stablecoins as payment, streamlining digital asset integration into operational workflows and enabling quick, cost-effective, and secure cross-border payments.
Aaron Jacob, VP of Enterprise Accounting at Taxbit, commented on the development, stating, “Stablecoins and payments have clearly become one of crypto’s ‘killer applications.’ It’s fundamentally transforming the way that companies transact and how treasury teams think about cash management and cross-border flow of funds. Moving assets, specifically stablecoins, on-chain enables faster and less expensive payments. At the same time, middle and back office operations for on-chain payments introduce real challenges. Tracking on-chain payments, reconciling on-chain funds, operating across multiple blockchains, all while managing invoices and ensuring tax and accounting compliance, is very difficult to do. Taxbit is providing the tools and solutions companies need to support those critical functions.”
This new product module expands Taxbit’s offerings beyond its established tax and accounting solutions, providing around-the-clock payments and collections functionality. The stablecoin industry is positioned to drive mainstream and enterprise adoption of digital assets. According to the World Economic Forum, the total transfer volume of stablecoins reached $27.6 trillion USD last year, surpassing the combined value of Visa and Mastercard transactions in 2024.
Chris Fernandes, CTO and Co-founder of Mural Pay, added, “Stablecoins move globally, 24/7, at a fraction of the cost of traditional methods. We are going to see an exponential increase in the number of institutions adopting this technology to take advantage of its intrinsic benefits like faster settlements and lower fees. At Mural Pay, we’ve built the infrastructure to remove the historically clunky, fragmented, and technically complex user experience of adopting stablecoins. Now, any business – including clients of Taxbit – can leverage the benefits of stablecoin payments without needing to become a blockchain or accounting expert.”
Taxbit is a compliance platform for digital asset tax and accounting, trusted by enterprises, financial institutions, and government agencies. The company holds SOC 1 Type 1, SOC 2 Type 2 attestation, and ISO 27001 certifications. Headquartered in Draper, Utah, Taxbit has offices in Salt Lake City, San Francisco, Seattle, New York, Washington, D.C., Amsterdam, and London, and has secured over $235 million in funding from investors including Ribbit, IVP, Paradigm, Haun Ventures, and PayPal Ventures.
Mural Pay, founded in 2022 and headquartered in New York City with additional offices in Denver, Bogotá, and Mexico City, is a stablecoin payments platform and API designed for businesses in the Americas. It provides infrastructure for pay-ins, payouts, invoicing, virtual accounts, and compliance, aiming to reduce costs and operational complexity for enterprises, fintechs, and banks by combining stablecoin efficiency with local payout rails and enterprise-grade compliance across the U.S., Latin America, and Europe.
