Microsoft: You can now buy Xbox credit with Bitcoin
Bitcoin fans wanting to use their money on Microsoft's goods have a few caveats to keep in mind. First, you can't directly exchange Bitcoins for new games. You'll need to transfer the Bitcoins into your Microsoft account, and then use that money to purchase your content. Users can transfer up to $1,000 into their Microsoft account each day, but high rollers should be aware that there's a $5,000 maximum limit on each account. Once Bitcoins are transferred they can not be refunded.
If your eyes just glazed over, Bitcoin is an open source, peer-to-peer currency backed by the security of a computer algorithm instead of the economic strength of a nation. As the Bitcoin design is available to the public its supporters argue that the currency offers more transparency and freedom from human machinations than traditional monetary systems, and is inherently less likely to encounter the sorts of problems that caused the 2008 financial crisis.
Detractors point to events like the recent Mt. Gox scandal, in which a major Bitcoin exchange suddenly lost the equivalent of $470 million (most of which has never been recovered), as indicators that the cryptocurrency may not be as secure as advertised.
Posted:
Related Forum: Xbox Forum
Source: http://www.joystiq.com/2014/12/11/microsoft-opens-its-coffers-to-cryptocurrency-bitcoin/
Related Articles
Comments
LoodPosted:
Interesting, if I had bit coins I would be more intersted in trading them and making more money to buy stuff like this, rather than wasting money on microsoft points. Idk, does not seem too worth it to me.
nukuPosted:
Friendly tip: If you want to invest into BitCoin do it now while the prices are still low
BulletsPosted:
Thank god, I can now buy xbox credit with BTC instead of buying off third party sources.
CartierPosted:
-Skittle Never used BitCoin, not 100% sure how it works lol
Same. I was just watching a video explaining it and it seems complicated. At least for me it seems that way because I don't know a whole lot about computers.
Latest Downloads
- 01. SnowRunner: SaveGame (all trucks are open) [32.1](1)
- 02. [PS4/EU] Hatsune Miku: Project DIVA Future Tone 100% Trophy Save(2)
- 03. Silent Hill 2 Remake: SaveGame (Motel Jacks, NG+)(0)
- 04. Phasmophobia: SaveGame (XX-2000, $594,965,799, 3 apocalypse skulls + bonus)(2)
- 05. Satisfactory: SaveGame (Observation deck)(1)
- 06. [EU] Sniper Elite 5 - Best Of The Best (CUSA16075)(5)
- 07. Voices Of The Void: SaveGame (All improvements for work + 7 days passed) [0.8.0](1)
- 08. Silent Hill 2 Remake: SaveGame (NG+, ending "Maria")(1)
- 09. Five Nights at Freddy's- Security Breach Save(9)
- 10. Commandos 2 - HD Remaster: SaveGame (All missions are open)(0)
- 11. Black Myth: Wukong - SaveGame (100%, NG++)(3)
- 12. Mindjack save xbox(0)
- 13. mindjack ps3 save(0)
- 14. Lies of P: SaveGame (game completed 6 times, hero level 124)(1)
- 15. Shadow of the Ninja - Reborn: SaveGame(0)
Latest Tutorials
- 01. PS3 HEN - Audio via a USB headset.(296)
- 02. Stumble Guys | Social Butterfly Achievement(196)
- 03. Last Days of Lazarus Achievement Walkthrough (Xbox/PS)(1,456)
- 04. EDENGATE: The Edge of Life - 100% Trophy/Achievement Guide(1,820)
- 05. Sherlock Holmes Chapter One | Walkthrough | No Commentary(1,460)
- 06. Morbid: The Seven Acolytes | Full Game Walkthrough(2,428)
- 07. Adam Wolfe | Full Game Walkthrough | No Commentary(1,571)
- 08. ALFRED HITCHCOCK: VERTIGO - 100% Walkthrough(1,879)
- 09. SHERLOCK HOLMES THE AWAKENED | Walkthrough | No Commentary(1,328)
- 10. Space Roguelike Adventure | Guide - Cheat Code!(1,526)
- 11. DETECTIVE Stella Porta Case | Trophy & Achievement Guide(1,190)
- 12. Tunic 100% Platinum Walkthrough | Trophy & Achievement Guide(1,817)
- 13. Outbreak: The Nightmare Chronicles Achievement Walkthrough(1,455)
- 14. Full Void 100% - Trophy & Achievement Guide(1,438)
- 15. Outbreak: Lost Hope #Xbox Achievement Walkthrough(2,274)
"Microsoft: You can now buy Xbox credit with Bitcoin" :: Login/Create an Account :: 42 comments