HomeWinBuzzer NewsMicrosoft Re-Introduces Bitcoin Payments after Temporary Ban

Microsoft Re-Introduces Bitcoin Payments after Temporary Ban

Citing issues with its provider, Microsoft seems to have worked out any kinks and restored Bitcoin functionality to the store. The company pulled a similar move in 2016.

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Yesterday, decided to halt payments, with speculation that the company would go the way of Steam and end them permanently. However, as Microsoft later clarified, this was a temporary measure, and functionality is now restored.

Previously, users were hit with a message saying, “You can no longer redeem Bitcoin into your Microsoft account. Existing balances in your account will still be available for purchases from , but it can't be refunded.”

It's the same statement that publications found two years ago when Microsoft pulled Bitcoin support before restoring it two days later.

Provider Issues

The reason behind the ban wasn't entirely clear, with officials simply stating “several issues” with the digital currency. Some believe its a reaction to its volatility, the price jumping from $17,000 this weekend to lows of $14,500.

It's been a recent trend for the currency of late, following a year of surprising growth. On December 17, it reached almost $20,000, before plummeting to $13,000 during the holiday period, and up again to $16,000 at the end of the month.

In a statement, a spokesperson said, “We've restored Bitcoin as a payment option in our store after working with our provider to ensure lower Bitcoin amounts would be redeemable by customers.”

You should now be able to add money to your account via Bitcoin on the Microsoft Store. As before, you won't be able to use it for gift cards, but games, movies, and apps are all on the table.

SourceThurott
Ryan Maskell
Ryan Maskellhttps://ryanmaskell.co.uk
Ryan has had a passion for gaming and technology since early childhood. Fusing the skills from his Creative Writing and Publishing degree with profound technical knowledge, he enjoys covering news about Microsoft. As an avid writer, he is also working on his debut novel.

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