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Microsoft Inc. has just added bitcoin as a payment option for a variety of its content, including games and mobile content.
Microsoft’s payments information page reveals that U.S.-based users now have the option of adding money to their account with Bitcoin. This payment option is currently available for Windows, Windows Phone, Xbox Games, Xbox Music, and Xbox Video stores.
The news was first reported in a Xbox One subreddit by Redditor Shafnitz:
This is the first time I’ve noticed this option in my Microsoft account. If you login to your Microsoft Billing account (https://commerce.microsoft.com/PaymentHub), right below the option to “redeem a gift card” there is an option to “redeem bitcoins.”
This new option is the result of a partial integration with bitcoin processor BitPay, a Georgia-based bitcoin processor founded in 2011 by Antonio Gallippi and Stephen Pair.
Neither Microsoft nor Bitpay have formally announced the partnership or details, but the former does have a series of instructions related to bitcoin payments within its ‘billing help’ pages.
With $86.8 Billion in annual revenue and a market cap of more than $380 Billion, Microsoft Inc. is now the world’s largest company to accept Bitcoin payments.
Microsoft’s founder Bill Gates commented on Bitcoin during interview with Erik Schatzker from Bloomberg TV’s “Street Smart”. Gates discussed bitcoin and its potential, stating ‘cryptocurrency technology is key.’
Starting in 2014, we have seen online retail giants, led by Patrick Byrne’s Overstock.com, start to accept Bitcoin. Other large corporations that accept Bitcoin include Dell, DISH, Newegg, and TigerDirect.
Microsoft’s information page provides instructions for using the new payments method, including a warning that Microsoft cannot issue refunds for bitcoin transactions. To add money to your Microsoft account with Bitcoin:
The instruction also notes that Microsoft is not yet accepting bitcoin directly, only as a way to add money to a Microsoft account first before purchasing content:
Bitcoin and Microsoft fans, what do you think about this? Tell us in the comments below.
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