Microsoft Starts Accepting Bitcoin Payments for Windows & Xbox Content

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As of today Microsoft is accepting Bitcoin payments for Xbox and Windows Products. With your Bitcoins you can now buy Xbox credits to use for in-game purchase and downloadable games. You can also top up your Microsoft account to buy Apps for Windows and Windows Phone.

The global computing giant quietly started adding supports for the cryptocurrency Bitcoin across it’s platforms earlier this week. By partnering with the biggest Bitcoin payment processors BitPay, Microsoft is now accepts the cryptocurrency.

According to BitPay chief commercial officer Sonny Singh, Microsoft has future plans for Bitcoin. In an interview with CoinDesk Sonny said:

“Microsoft has a long-term vision for bitcoin, BitPay and the blockchain. Starting with digital goods in the US is the logical first step, however, they want to expand to Europe and globally and add support for other products as part of that rollout.”

Microsoft’s Implementation of Bitcoin

Eric Lockard, corporate vice president of Universal Store at Microsoft, addressed the news in a blog post. Where he outlines the long-term strategies and why the decisions made.

“For us, this is about giving people options and helping them do more on their devices and in the cloud,”

“The use of digital currencies such as Bitcoin, while not yet mainstream, is growing beyond the early enthusiasts. We expect this growth to continue and allowing people to use Bitcoin to purchase our products and services now allows us to be at the front edge of that trend.”

However this can not yet be called a full integration since users can only use Bitcoin to add money their Microsoft account and not buy content directly.

As Microsoft explains it:

“You can only use Bitcoin to add money to your Microsoft account and then purchase digital goods at select Microsoft online stores. You can’t use bitcoin to purchase Microsoft products and services directly at this time.”

Major Corporations Adopt Bitcoin

This surprise announcement makes Microsoft the third tech giant to join the Bitcoin ecosystem. Earlier this year we saw Overstock and Newegg implement the Bitcoin architecture as a payment option into their business model. This is a big seal of approval for Bitcoin and cryptocurreny as Microsoft also join the ranks – Microsoft boasts a market cap of more than $380bn and annual revenue in excess of $86.8bn in 2014.

The attention brought to Bitcoin by this partnership is not only important for BitPay, but the whole Bitcoin community which has been working to innovate around the technology. As part of the ecosystem, BitPay has worked hard to build a service that can support enterprise-grade businesses such as Microsoft by forming top-notch engineering, client operations, business development, legal, and executive teams. Microsoft’s adoption of bitcoin further substantiates that the Bitcoin ecosystem is booming with progress and potential.

– Andy Phillipson, BitPay

Payment option pictures via Microsoft

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