Koinly, a popular cryptocurrency tax reporting, and tracking platform has announced it will be adding support for XRP in the come May 2020.
The crypto tracking platform made the announcement on Twitter during a conversation with a respected XRP community developer behind XRPL Labs Inc, Wietse Wind.
Koinly made known during the conversation that their inhouse software developers are working on adding XRP token to the cryptos tracking software.
Wietse offered to help the platform import trades and transactions from XRP Ledger accounts to the Koinly software. The developer pledge to help the platform with his wealth of knowledge.
Wietse said: “As the XRP ledger offers a Decentralized Exchange, it would be really helpful to add importing trades and transactions from XRP ledger accounts too. I am offering my knowledge and full history node access for free if you feel like adding the XRPL to your platform.”
Responding, Koinly said they are already working on integrating XRP, and an announcement on the integration would be made next month.
“XRP is actually being developed atm and we will be announcing support for it next month! Thanks for your offer btw I will pass it onto our devs,” Koinly responded to Wietse.
Koinly has been in existence since 2018 offering expert guidance from tax consultants to the cryptocurrency space, helping them perfect their crypto tax report in the process.
Hi @WietseWind XRP is actually being developed atm and we will be announcing support for it next month! Thanks for your offer btw I will pass it onto our devs 🙂
— Koinly (@Koinly1) April 1, 2020
Koinly allows cryptocurrency users to be able to connect their exchanges, wallets and blockchain addresses to enable them to import their crypto trading history for easy tax filings.
Through the Bitcoin tax calculator that is available in over 20 countries and linked to over 300 exchanges across the globe, Koinly makes crypto reports available in minutes. The platform also offers to help its users reduce their taxes for next year.