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


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 !


E-Stim Basics: Selling Customers on Powerboxes as Pleasure Tools

Electrosex is a commonly misunderstood pleasure practice for good reason: Most of us have negative associations with electricity; maybe we’ve been shocked after rubbing our feet across a carpeted... More »

Search Oftentimes Is Left to Chance

Adult content is frowned upon in search, whether in paid, organic or social. With the big algo updates from the past few years, Google has cleaned up search, trying to get rid of spammy and low-quality... More »

Five Tips to Generate Repeat Business

A $50 sale is great. But what if you could get that same $50 sale to come back four times in the next few months? Here are some ideas how to achieve that. 1) On your receipts, you should have an option... More »
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.

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 Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.


Everything To Do With Sex Show

Jan 20 - Jan 22
Montréal, Québec

Everything To Do With Sex Show

Jan 27 - Jan 29
Halifax, Nova Scotia

The European Summit

Mar 04 - Mar 07
Barcelona-Sitges, Spain

The TEA Show

Mar 05 - Mar 06
Hollywood, CA
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!