ZenLedger, a cryptocurrency tax software and blockchain analytics startup, has teamed with Ledger, the largest crypto asset storage platform
Ledger & ZenLedger Crypto Partnership
ZenLedger, a cryptocurrency tax software and blockchain analytics startup, has teamed with Ledger, the largest worldwide crypto asset storage platform. The collaboration will take use of both platforms’ cutting-edge infrastructure and technology. It will specifically assist investors in safely buying, selling, and storing their cryptocurrency and other investments. While smoothly keeping track of their taxes, like Web3. The move comes at an opportune moment, as the 2021 tax filing season approaches. Furthermore, it aims to address a major issue with the secure management of digital assets across numerous platforms.
Users who choose to self-custody cryptocurrencies such as Bitcoin (BTC) would have to manually compute their losses and revenues if tax reporting software options such as ZenLedger were not available. The integration is heavily focused on the US tax standard. With a special emphasis on the extremely difficult tax reporting requirements of US clients. Outside of the United States, Ledger Live clients will continue to have access to the software product.
ZenLedger interacts with wallets, exchanges, NFTs, DeFi, and blockchains and provides customer assistance. Following the renewal of ZenLedger’s contract with the IRS, the firm is committed to make crypto investment safer while providing investors with the tools they need to succeed. According to reports, the ZenLedger-Ledger collaboration will assist investors save time and concern. As well as be tax compliant while protecting their capital from scammers.
Quotes
Pat Larsen, chief executive officer at ZenLedger, said: “The ZenLedger-Ledger partnership will allow crypto investors to keep track of their transactions securely while ensuring individuals are ready for tax season. As the risk of crypto theft continues to rise, we’re committed to providing our customers with the best tools to ensure their investments are safe and secure. Smart investors know that they need easy, rock solid security and that is what Ledger provides to you and your digital assets. As the leading crypto tax software, ZenLeger is happy to help with your accounting and taxes. ZenLedger is excited to partner with Ledger to make crypto and alternative investing easier and safer than ever before.”
Jean-François Rochet, vice president of international development at Ledger, added: “Ledger Live is an all-in-one app for everything in crypto, NFTs and Web3. The integration of ZenLedger shows how many things you can do with this app. With ZenLedger made available, Ledger Live now is a gateway to simplify crypto tax reports.”
