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Microsoft Now Accepts Bitcoin on Xbox Live, Windows Store

Bitcoin 12/11/14 1

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.

,
Mark Stearns

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4 comments
  1. Fenrir007
    Fenrir007
    December 12, 2014 at 6:01 pm

    They are really getting…. desperate.

  2. stryk
    stryk
    December 12, 2014 at 9:14 pm

    Desperate. Your turn.

  3. Audie Bakerson
    Audie Bakerson
    December 12, 2014 at 10:20 pm

    Interesting. Is MS the first major vendor to support bitcoin?

    Who does MS use to determine the exchange rate?

  4. Brad Sherard
    Brad Sherard
    December 13, 2014 at 4:22 am

    It isn’t the first; newegg, dell, overstock, and a bunch of others support it.

    MS uses the service provider bitpay, presumably exchanging all the bitcoin for dollars frequently to avoid price volatility. The exchange rate is determined by supply and demand using pretty standard bid/ask spread on the various exchanges: bitcoinaverage.com/#USD