Microsoft Says Still Accepts Bitcoin, Apologises for `Inaccurate Information`
March 15, 2016, 11:34 am

False alarm, everyone. Microsoft isn`t dropping support for payments via Bitcoin currency from the Microsoft Store. The Redmond, Washington-based said on Monday that it conveyed inaccurate information over the weekend.

Bitcoin community took a big blow last weekend when a support page on Microsoft website said that the company won`t accept the cryptocurrency on Microsoft Store, and by extension, the Windows Store.

Some relief comes to the community, which is facing enough challenges as it is. In a statement to The Verge, a Microsoft spokesperson said, "We continue to support Bitcoin for adding money to your Microsoft Account which can be used for purchasing content in the Windows and Xbox stores. We apologise for inaccurate information that was inadvertently posted to a Microsoft site, which is currently being corrected."



Microsoft`s decision, the page has since been deleted, had puzzled the community. Microsoft hadn`t offered any explanation as to why it was pulling support from Bitcoin. A webpage on the company`s website read, "You can no longer redeem Bitcoin into your Microsoft account. Existing balances in your account will still be available for purchases from Microsoft Store, but can`t be refunded."

Some believed that poor adoption rate and low traction of Bitcoin may have made it unfeasible for Microsoft to continue offering support and maintenance for the virtual currency.

Many users worldwide utilise Bitcoin for selling and purchasing products and services. The virtual currency enables them to keep their purchases confidential with many times even the vendor having no clue about their customer.

Comments

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  • Harold
    March 31, 2016, 11:57 pm
    Bfahaha, bitcoin sux
  • Kiril
    March 17, 2016, 7:36 pm
    I purchased a 3D printed part off eBay, a few weeks later the seller came out with an improved version and sold it for btc to previous customers at a reduced price. You`ll find btc only deals like that all the time.
  • Travis
    March 17, 2016, 7:31 pm
    Some merchants would give you small discount when paying with bitcoins (or more loyalty points etc), mostly applies to gift cards purchases, but recently JM Bullion (precious metals dealer) started accepting BTC, you can get bigger discount (4% iirc) as compared to credit cards or paypal payments.
  • Jan
    March 15, 2016, 4:54 pm
    Illuminaty!
    • Steve
      March 15, 2016, 8:10 pm
      hahaa
  • Hamma
    March 15, 2016, 4:54 pm
    Bitcoin is Illegal!
    • :)
      March 17, 2016, 7:38 pm
      you are illegal!
  • Andrew
    March 15, 2016, 4:54 pm
    There is no future for the bitcoins
    • Rebel
      March 17, 2016, 10:34 pm
      There is big future for BTC Governments don`t like it people prefer to be anonymous when they buy. Only problem is with fluctuations in exchange rate
    • Baraba
      March 21, 2016, 10:45 pm
      You are right. Governments and banks don`t like them One currency is strong only if you can use it everywhere
  • Chris Nov.
    March 15, 2016, 4:50 pm
    If i new it long time a go, I could make a lot of money with the bitcooins, now its too late :/
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