Microsoft has added bitcoins as a payment option for a variety of its content, including games and mobile content.
Microsoft’s payments information page reveals that U.S.-based users now have the option of adding money to their account with bitcoins. This payment option is currently available for Windows, Windows Phone, Xbox Games, Xbox Music, and Xbox Video stores.
This new option is the result of a partial integration with bitcoin processor BitPay, according to a report from Coindesk. The companies are planning to make an official announcement soon with more details.
The rest of the information page provides instructions for using the new payments method, including a warning that Microsoft cannot issue refunds for bitcoin transactions. It also notes that Microsoft is not yet accepting bitcoins directly, only as a way to add money to a Microsoft account first before purchasing content, the webpage says.
BitPay is a Georgia-based bitcoin processor founded in 2011 by Antonio Gallippi and Stephen Pair. It has raised $32.5 million to date.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more