Microsoft will continue to support bitcoin after ‘inaccurate information’ was posted online

Update: Microsoft told TechCrunch it will continue to support bitcoin. The company said “inaccurate information” had been posted online causing the confusion:

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 has quietly stopped supporting bitcoin payments just over one year after it added support for the crypto currency within the Windows Store.

Software encyclopedia Softpedia first noticed the change, which is confirmed in an FAQ note for customers:

You can no longer redeem Bitcoin into your Microsoft account. Existing balances in your account will still be available for purchases from Microsoft Store, but can’t be refunded.

We contacted Microsoft for further details, but did not hear back from the company at the time of writing. (We’ll let you know what the company says if it has a public statement on this.)

Microsoft was lauded for adopting bitcoin back at the end of 2014. The company, which partnered with payment firm Bitpay, said at the time that the move was

Read more ... source: TheBitcoinNews