Microsoft Removes Bitcoin as Payment Option for Microsoft Store

[Cordillerabit]

In a blow for Bitcoin enthusiasts, Microsoft Corporation has removed the ‘Bitcoin’ payment option from its active payment instruments. The company was an early adopter, and former CEO Bill Gates had expressed his support for the cryptocurrency.

Microsoft’s decision has been confirmed through publicly posted chats with customer service representatives. The main cause of the cessation appears to be volatility and risk associated with the cryptocurrency.

Customers are still able to use Bitcoin to add money to their Microsoft account. Accounts can be used to purchase games, movies, and apps, but these funds are not usable in the Microsoft store. Furthermore, the funds are non-refundable.

Microsoft is one of the larger vendors to remove their Bitcoin payment option. Other companies like Square added Bitcoin support in 2017. However, with the substantial increases in price and volatility through the last quarter of the year, the risk for companies like Microsoft appears to have increased.

Bitcoin is down four percent on the day, according to Coinmarketcap.com.

https://cointelegraph.com/news/microsoft-removes-bitcoin-as-payment-option-for-microsoft-store

[Lauda]

they might change their mind in the next future by adding altcoins as well or might have been also because not many were aware of this possibility and just few people bought MS products with BTC.
For sure, since they started accepting BTC they did a bad marketing, it was never advertised much, they added it and only the IT guys were aware of it, for me they should have really advertised it in a better way.
We will see what will happen in the future but as now, this is a sad news.

yeah I saw that in one of youtube news videos , the youtuber mentioned that this is a temporary move
Microsoft is saying that's due volatility  , but bitcoin has always been the same when it comes to volatility since the early days

most likely it's due the long time to get confirmations , since it can be really serious when your business is  fiat based
for example when a customer makes a purchase and pays certain amount in btc , at the time that the transaction confirmed the whole value based on USD may change a lot


so the site may lose money if the price go down , or they may gain money if the price go up

[Cordillerabit]

MS buyers can only buy using Credit card because BTC is now remove from their payment options