Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

AP Photo/Rick Bowmer
spend spend spend

The first major tech company to accept Bitcoin payments isn't Google or Apple

Those in the US can now purchase goods from Microsoft’s Windows and Xbox stores using the cryptocurrency.

THE HYPE SURROUNDING bitcoin may have lessened somewhat in the last few months, but more companies are adopting the digital currency as a way of paying for goods.

The latest company to get in on the action is Microsoft, which is now allowing users to pay for apps, games, music and videos using the cryptocurrency.

The move is due to a partnership Microsoft has with bitcoin processor BitPay and allows US users to purchase from the Windows, Windows Phone, Xbox Games, Xbox Music and Xbox Video stores. It makes it one of the first major tech companies to fully support bitcoin as a currency.

Although there are some caveats. For one, you can only use bitcoin to add money to your Microsoft account – $100 at a time – before you can purchase something digitally. At the moment, you can’t purchase goods using bitcoin directly although it’s implied that this may change sometime in the future.

Also, money transferred to your Microsoft account using bitcoin cannot be refunded, and it’s limited to just digital goods instead of physical.

Earlier this year, Microsoft introduced a bitcoin currency converter to Bing, while the price of one bitcoin is €287.

Read: Instagram is now bigger than Twitter >

Read: Sky has joined the fibre broadband wars. And it’s undercutting its main rivals >

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
23
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.