ForexMinute.com – The world’s foremost tech giant Microsoft today announced to embrace Bitcoin as a payment option to buy a range of digital products.
The company updated its “Payment and Billing” section with the following detail:
“You can now use Bitcoin to add money to your Microsoft account. Once you add money to your Microsoft account, you can use it as a payment option to buy apps, games, and other digital content from Windows, Windows Phone, Xbox Games, Xbox Music, or Xbox Video stores.”
The service however is available for online purchases only at selected Microsoft online stores in the US. One cannot use Bitcoin to purchase the aforementioned products directly at this time. Microsoft is indeed testing this new feature to analyze the market demand and response. Wait for an expansion if it goes smooth in the next few months.
Microsoft meanwhile has partnered with Bitcoin payment processing company BitPay to avoid market’s volatility. The service however asks users to directly deposit Bitcoins to their Microsoft account, an equivalent to online wallet through which they can execute future Bitcoin-based purchases.
The company also warned about the overlong confirmation periods one could face while making payment using the cryptocurrency. “Please wait up to two hours for the transaction to complete before contacting support,” said the official site. This statement further indicates a zero-presence of third parties in Microsoft’s Bitcoin services.
We will be updating this article as soon as the new information surfaces. Kindly stay glued.
To contact the reporter of the story: Yashu Gola at firstname.lastname@example.org