Problem: First a statistic (courtesy of Findr.com) about 60 million people in the US own cryptocurrency. Given this large portion of the population, many will have to file taxes in an entirely new industry.
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Solution: The platform would import information from exchanges like FTX, Binance, Coinbase, and Crypto.com in order to automatically calculate your taxable gain and loss. It could also plug in directly to wallets (like one’s Metamask wallet or Phantom wallet) in order to automatically reconcile complex transactions to mark gains and losses. This “TurboTax for Crypto” would ride the crypto wave and eventually become a cash cow.
Monetization: Sales of this platform.
Contributed by: Michael Bervell (Billion Dollar Startup Ideas)
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