Microsoft Will Now Accept BitCoins for Windows and Xbox Purchases in the US

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Fans of the online digital pseudo-currency known as Bitcoin may be pleased by today's news. Microsoft announced they will now accept Bitcoins for online Windows, Windows Phone and Xbox products. You can basically fund your Microsoft account with Bitcoins which allows you to purchase just about any product that Microsoft offers.

For those Bitcoin holders out there who want to try this out, here's the full statement from Microsoft's FAQ,

You can now use Bitcoin to add money to your Microsoft account. Once you add money to your Microsoft account, you can use it as a payment option to buy apps, games, and other digital content from Windows, Windows Phone, Xbox Games, Xbox Music, or Xbox Video stores.

To add money to your Microsoft account with Bitcoin:

1. Sign in to Microsoft account - Billing with your Microsoft account
2. Select Payment options > Microsoft account > redeem bitcoin
3. Select the amount you want to add, then click Next
4. Review the amount of Bitcoin needed and use your digital wallet to complete the transaction within 15 minutes:
   • On your computer – select Pay with Bitcoin and then pay from your Bitcoin wallet on the same device.
   • On your smartphone – scan the QR code displayed on the page to pay from your mobile wallet app.
   • If your wallet is on another device, you can copy the receiving address and BTC amount to the wallet on your device or the Web and then make your purchase.

Some things to keep in mind:

• Most Bitcoin transactions should process immediately. If it doesn't, please wait up to two hours for the transaction to complete before contacting support.
• Money added to your Microsoft account using Bitcoin cannot be refunded, so make sure to review your transaction before paying with your digital wallet.
• You can only use Bitcoin to add money to your Microsoft account and then purchase digital goods at select Microsoft online stores. You can’t use Bitcoin to purchase Microsoft products and services directly at this time.
• Support for adding money to a Microsoft account with Bitcoin is currently limited to the United States.
• If you believe that there was an error with your Bitcoin transaction, please Contact Support*.

Note: *Please have the following information ready before contacting support:

• Your refund receiving Bitcoin address
• Blockchain transaction ID/URL
• Transaction details including amount, date, sending address, and receiving address

Please refer to your Bitcoin wallet help for any questions about getting the info listed above.

Tell us what you think of this bold move by the world's largest software maker.

Source: Microsoft