Microsoft, the famous multinational corporation that powers much of the world’s computing infrastructure with its Windows OS, now accepts Bitcoin online for its digital products. Microsoft users, in America only for now, can even fund their Microsoft/Windows Live or XBox Live accounts using Bitcoin, at the current exchange rate. Once Microsoft’s Bitcoin acceptance is at 100%, businesses and end users alike can pay for services such as Azure or even Windows Phone apps.
Once Microsoft starts accepting Bitcoin worldwide, the frictionless transactions will truly begin to flow. With $86.63 b in annual revenue and $172.38 b in total assets, Microsoft is the new largest company in the world to accept Bitcoin. Microsoft’s founder Bill Gates has previously admitted that “Bitcoin Technology is key.”
Microsoft has started to accept Bitcoin payments, allowing customers to buy apps, games and videos from online stores with the crypto-currency.
The new feature, which was quietly added to its website last night, has been enabled by a partnership with payment processing startup BitPay.
Customers can now use Bitcoin to add money to their Microsoft account, but not use it to pay for goods directly. Once you add money to your Microsoft account you can use it to buy apps, games and other digital content from the Windows, Windows Phone, Xbox Games, Xbox Music and Xbox Video stores.
“Most Bitcoin transactions should process immediately. If it doesn’t, please wait up to two hours for the transaction to complete before contacting support,” says a support page on Bitcoin on Microsoft’s website. “Money added to your Microsoft account using Bitcoin cannot be refunded, so make sure to review your transaction before paying with your digital wallet.”
Currently the feature is limited to the US, and those customers here in the UK are not able to add funds to their account with a Bitcoin payment.