COVID-19 in Washington: Links and resources to help you during coronavirus pandemic
Check the latest news about COVID-19

Microsoft begins accepting Bitcoin

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Photo by Joe Raedle/Getty Images

NEW YORK (CNNMoney) — Microsoft is now accepting the digital currency bitcoin.

Bitcoin is accepted as “a payment option to buy apps, games and other digital content from Windows, Window Phone, Xbox Games, Xbox Music or Xbox Video Stores,” according to the Microsoft’s payment and billing policy.

“The use of digital currencies such as bitcoin, while not yet mainstream, is growing beyond the early enthusiasts,” said Eric Lockard, Microsoft’s corporate vice president of Universal Store at Microsoft, posted on the company blog.

“We expect this growth to continue and allowing people to use bitcoin to purchase our products and services now allows us to be a front edge of this market,” he continued.

Microsoft joins a handful of other companies that accept bitcoins as payment, including PayPal and a scattering of restaurants, car services and at least one bar in New York City.

Bitcoin is the most popular form of digital currency, though it is still controversial and nebulous, since it is not government-issued currency and has experienced extreme volatility.

And since most businesses don’t use it, Bitcoin is not that practical as a currency for day-to-day use.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.