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Microsoft Will Pursue Backing Bitcoin


Microsoft Will Pursue Backing Bitcoin

Microsoft will continue supporting bitcoin, regardless of the information in the past days that it had limits backing the digital currency.  Microsoft is still accepting bitcoin for processing and payment means.

Reports said, for over a year Microsoft completed granting clients to pay for content on its Windows and Xbox shop using bitcoin.  On official Microsoft website, they posted a short notice, indicating shoppers could no longer redeem Bitcoin into their accounts.  Nevertheless, the company has since clarified the situation with an email to International Business Times stating “We continue to support Bitcoin for adding money to your Microsoft account which can be used for purchasing content in the Windows and Xbox stores.  We apologize for inaccurate information that was inadvertently posted to a Microsoft site, which is currently being corrected”.

Microsoft Corporation is one of the greatest company to incorporate bitcoin into its system at the end of 2014 when Bitcoin dollar worth was roughly three times equivalent today, still, Microsoft’s viewing to move outside bitcoin by considering the potential of the Blockchain technology that underpins bitcoin.

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