[Updated] Microsoft no longer accepting Bitcoin as form of payment

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Published onJanuary 8, 2018

published onJanuary 8, 2018

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According to areport from Bleeping Computer, Microsoft is temporarily no longer accepting Bitcoin as a form of payment. The reason is due to the “unstable state” of the cryptocurrency and worldwide payment system.

UPDATE:Microsoft has since restored the ability to pay with Bitcoin online.

Although therewas some confusion and temporary hault, Microsoft has longallowed usersto use Bitcoin in order to add $10, $15, $25, $50, $,75, or $100 amounts to their Microsoft account balance. The company alsopreviously adopted Bitcoinas a payment method in 2014.

This move from Microsoft makes sense, as Bitcoin values tend to fluctuate higher and then ower every day. The fluctuation also means that Microsoft could be taking up loses if they accept the payment.

This, along with high fees, is also why Steam recentlystopped accepting Bitcoinas a form of payment. Anyway, the company is urging those who previously used Bitcoin as payment to consider using credit or debit cards, a PayPal account, or a direct bank account.

Radu Tyrsina

Radu Tyrsina has been a Windows fan ever since he got his first PC, a Pentium III (a monster at that time).

For most of the kids of his age, the Internet was an amazing way to play and communicate with others, but he was deeply impressed by the flow of information and how easily you can find anything on the web.

Prior to founding Windows Report, this particular curiosity about digital content enabled him to grow a number of sites that helped hundreds of millions reach faster the answer they’re looking for.

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Radu Tyrsina

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[Updated] Microsoft no longer accepting Bitcoin as form of payment