Microsoft Now Accepts Bitcoin, Joins Elite 10 Companies

Updated on Sep 19, 2017 at 11:33 am UTC by · 2 mins read

Microsoft is now accepting Bitcoin as a payment option to buy apps, games, and other products for Windows, Windows Phone, and Xbox. Check the Coinspeaker’s list of 10 other large websites now accepting bitcoin, along with each company’s Alexa Global Rank, indicating their Web traffic ranking.

Microsoft Inc. confirmed that customers can now use bitcoin to buy apps, games, and other products for Windows, Windows Phone, and Xbox. The transactions, conducted in partnership with BitPay, are capped at $1,000 per day per account, and no more than $5,000 across multiple accounts in the same name.

However, the virtual cash cannot be accepted as a direct payment method. “You can only use bitcoin to add money to your Microsoft account and then purchase digital goods at select Microsoft online stores. You can’t use bitcoin to purchase Microsoft products and services directly at this time,” says the corporation’s webpage, warning that transactions are irreversible.

Currently valued at $395 billion, Microsoft’s site is the 46th largest in the world, based on Alexa’s traffic estimation, making it one of the largest to accept bitcoin. But not the largest. Click through to see Coinspeaker’s 10 other websites now accepting bitcoin, along with each company’s Alexa Global Rank, indicating their Web traffic ranking.

Speaking to TechRadar, Oxford economic sociologist Dr Vili Lehdonvirta warned not to overestimate the influence of Microsoft’s affair with bitcoin, because most likely the corporation is not receiving bitcoins itself.

“This means that Microsoft itself will not be accumulating and thus spending bitcoins, which somewhat limits the significance of this announcement. Microsoft is not entering the bitcoin economy as such,” Dr Lehdonvirta explained.

Microsoft’s involvement with bitcoin began in February 2014, when the company’s Bing search engine was modified to allow users to generate bitcoin price conversions. Microsoft co-founder, and current technology adviser, Bill Gates’ interest in digital payments technology directly influenced this.

In October, Gates spoke in favor of digital currencies during an appearance on Bloomberg’s “Street Smart.”  With all its problems, bitcoin is an “exciting” financial solution, Bill Gates said.

Share:

Related Articles

PayPal Activates Support for Solana and Chainlink, Will SOL and LINK Price Recover?

By April 3rd, 2025

PayPal has added support for Solana (SOL) and Chainlink (LINK) in the US, allowing users to buy, sell, and hold these assets directly.

PayPal to Expand PYUSD Use Case, Bringing Stablecoin to 20M Merchants

By February 26th, 2025

Despite market challenges, PayPal remains committed to expanding PYUSD’s use cases, positioning it as a reliable payment solution for merchants worldwide.

PayPal’s PYUSD Stablecoin Joins Cardano, Enhancing Blockchain Interoperability

By January 28th, 2025

PYUSD’s integration into Cardano enhances DeFi liquidity, providing users with new stablecoin options and increasing cross-chain transaction potential.

Exit mobile version