Home > News > Microsoft Begins Accepting Bitcoin • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Microsoft Begins Accepting Bitcoin

Microsoft Begins Accepting Bitcoin
Get XBIZ News
Dec 11, 2014 11:15 AM PST    Text size: 

LOS ANGELES — In a big boost to Bitcoin barons, Microsoft has announced that consumers may now exchange Bitcoins for the company’s apps, games and more for Windows, Windows Phone and Xbox.

“If you are a person who uses Bitcoin you know it’s not always easy to find places where you can use the digital currency. That is about to change when it comes to Microsoft content,” Athima Chansanchai of the Microsoft News Center stated. “Starting Thursday in the U.S., by using BitPay, the world’s leading Bitcoin payment processor, you can trade-in Bitcoin — at current market value — and add it to your Microsoft account.”

The funds are usable for purchasing content in the Windows Store, or in stores that house Xbox Games, Xbox Music or Xbox Video.

“For us, this is about giving people options and helping them do more on their devices and in the cloud,” says Eric Lockard, corporate vice president of Universal Store at Microsoft. “The use of digital currencies such as Bitcoin, while not yet mainstream, is growing beyond the early enthusiasts [and] we expect this growth to continue.”

“Allowing people to use Bitcoin to purchase our products and services now allows us to be at the front edge of that trend,” Lockard added.

According to the company, Bitcoin will now appear as an option for those wishing to add money to their Microsoft accounts.

“If you want to transfer your Bitcoins, you first need to select the amount of money to add to your Microsoft account,” Chansanchai explains. “BitPay calculates the equivalent amount in Bitcoin and delivers that information, along with a BitPay Bitcoin address and payment instructions. You then pay the displayed amount of Bitcoin from your Bitcoin wallet to complete the transaction.”

BitPay supports more than 50,000 businesses, including TigerDirect, Virgin Galactic and Newegg.

Although the virtual currency can be used to fund a user’s Microsoft account, it cannot currently be used to directly pay for Microsoft products and services other than those now being offered, i.e. apps, games and other ancillary products and services. The company notes that further offers may be forthcoming, however, as necessary to keep up with the changing needs of customers who are using micropayments and other banking alternatives.

There is also a cap on the value of Bitcoin exchanged per day of $1,000 (or its equivalent in the user’s country or region’s currency) into a Microsoft account on any given day, and no more than $5,000 to additional Microsoft accounts registered by the user or in the user’s name.

For more information, visit Microsoft.com.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

PROFILES & BIOS

2017 XBIZ Trans Performer of the Year Reigns Supreme

It’s easy to see Aubrey Kate now — the modelesque, blonde bombshell — and dismiss her recent awards in the erotic arts as inevitable. It’s easy to say that she was simply born with... More »

WIA Profile: Carmen Miller-Branch

Each month, industry news media organization XBIZ spotlights the career accomplishments and outstanding contributions of Women in Adult. WIA profiles offer an intimate look at the professional lives of... More »

Sílvia Unfurls Models’ Wings at Angels Studio

Sílvia seamlessly threads a profitable patchwork of loyal models and premium networks at Angels Studio. Wielding a multi-faceted perspective forged by six years of service at premier cam network... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ World magazine, the industry's leading e-commerce trade publication, delivering in-depth coverage of the online, mobile and ancillary digital markets.

UPCOMING EVENTS

XBIZ Retreat

May 30 - Jun 03
Miami, Florida

XBIZ Miami 2017

May 30 - Jun 02
Miami, Florida

XShow 18+ 2017

Jun 01 - Jun 03
Moscow, Russia

Cam Summit

Jun 02 - Jun 04
Lloret de Mar, Spain
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!