Microsoft Begins Accepting Bitcoin

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


Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Heritage Foundation President Calls Trump God's 'Imperfect Instrument' to Achieve Porn Ban

The president of the Heritage Foundation, the conservative group behind Project 2025, told CNN that Donald Trump’s notorious interactions with porn stars do not disqualify the presumptive Republican nominee from implementing their plan to criminalize all the production and distribution of adult content.

California Republicans, Democrats Send Controversial Age Verification Bill to Senate

The California version of the age verification bills being sponsored around the country by anti-porn activists unanimously passed a bipartisan floor vote at the state Assembly on Thursday and is now being considered by the state Senate.

UK Regulator Ofcom Rejects OnlyFans' Complaint About Unfair Treatment by the BBC

U.K. communications regulator Ofcom has rejected a formal complaint from OnlyFans, which alleged unfair treatment during a 2022 BBC report about its moderation practices.

Child Protection, Civil Liberties Groups File Amicus Briefs in Support of FSC Court Petition

Several child protection and civil liberties groups have filed amicus briefs in support of the Free Speech Coalition's (FSC) petition to the Supreme Court.

Woodhull Urges the Supreme Court to Find Texas AV Law Unconstitutional

The Woodhull Freedom Foundation and the Electronic Frontier Foundation submitted a brief to the United States Supreme Court on Thursday, urging the justices to rule against Texas’ age verification law.

AEBN Publishes Popular Searches for March and April

AEBN has released the top search terms for the months of  March and April from its straight and gay theaters in all 50 states and the District of Columbia.

2024 XBIZ Creator Awards Winners Announced

Winners of the 2024 XBIZ Creator Awards were revealed Wednesday evening during a live ceremony at E11EVEN Nightclub in Miami, Florida. The event, presented by Fansly, was hosted by Siri Dahl and Little Puck.

'90s Japanese Performer Sues to Remove Titles from Streaming Site

Former Japanese performer Miyuki Ariga is suing adult streaming site Fanza to remove four titles in which she appeared in 1994.

Free Speech Coalition Asks Court to Block Montana AV Law

The Free Speech Coalition (FSC) has asked the US District Court of Montana to block the state's new age verification law.

Segpay Launches Virtual 'Segcard' Creator Payout Solution

Segpay has updated its Segcard creator payout option by offering a new, virtual version.

Show More