It would appear as if Microsoft is trying to make a push for replacing Bitcoin with Ethereum across all of their offerings. One the one hand, the company, is pushing hard to promote their Ethereum blockchain-as-a-service product while they have also partially removed Bitcoin payment support from the Microsoft Store. Some people see this as a sign of how Ethereum will replace Bitcoin on the merchant side very soon, but that may be the overexcitement speaking, rather than common sense.
Also read: Ethereum Price Weekly Analysis – Buying Dips Favored Microsoft and Bitcoin is Not A Happy Relationship
Although the announcement by the technology giant regarding the acceptance of Bitcoin payments was greeted with a lot of joy by the digital currency community, things have gotten eerily quiet ever since. Granted, there are only so many products people need to buy from Microsoft at any given time, and the fact Bitcoin payments were not available to consumers all over the world did not help matters much either.
Whether or not it is due to low transaction volume or any other reason, an announcement has been posted on the Microsoft Store as to how they are no longer accepting Bitcoin payments. Or to be more precise, they are not doing so for Windows 10 or Windows 10 mobile. Users are still able to spend existing balances, but new deposits are no longer available.
That being said, Xbox users can still make Bitcoin deposits to their account without any problems. This seems rather odd, considering Bitcoin payments will be done on a mobile device or computer most of the time, yet users have to resort to console access to send money over. At this time, it remains unknown whether or not the Xbox Bitcoin functionality will be removed as well.
Moreover, the […]
