Use Xbox LIVE? Xbox Music? Xbox Video? The Windows Store? If you said yes to any of these you have a new way to pay for your favorite movies, music, games, and apps. Microsoft announced today that they will now be accepting Bitcoin, via BitPay, for those services.

For those that don’t know, Bitcoin is a digital currency that circumvents financial institutions and governments in favor of direct trade between individuals.

The economy is made up mostly of enthusiasts at this point, but interest is growing, and Microsoft expects it to continue to become a more important part of the online economy, likely a smart move on their part to get in on it early.