Microsoft Windows Store stops accepting Bitcoin in latest setback for digital currency

bitcoin1Bitcoin, the digital asset that has struggled to catch on with the general public, will no longer be accepted at Microsoft’s Windows Store.

“You can no longer redeem Bitcoin into your Microsoft account,” Microsoft wrote on in the Windows Store FAQ page. “Existing balances in your account will still be available for purchases from Microsoft Store, but can’t be refunded.”

The move marks a relatively rapid change of heart for Microsoft. It was only 15 months ago that the company announced it had arranged for Bitcoin users to buy apps, games and videos from its online stores.

Back then, Eric Lockard, corporate vice president of Universal Store at Microsoft wrote: “For us, this is about giving people options and helping them do more on their devices and in the cloud. The use of digital currencies such as Bitcoin, while not yet mainstream, is growing beyond the early enthusiasts. We expect this growth to continue and allowing people to use bitcoin to purchase our products and services now allows us to be at the front edge of that trend.”

Microsoft has yet to specify why it stopped accepting Bitcoin, but

Read more ... source: TheBitcoinNews