Why Microsoft Changed Its Mind About Bitcoin Again

The potential for a digital currency is starting to capture our imagination as we begin to seriously debate the pro’s and cons of block chain technology. Just over a year ago Microsoft jumped on the bandwagon early and proudly announced they would be accepting Bitcoin payments in the Microsoft store.

Facing constant accusations of being stuck in the past, this seemed to be an incredibly forward thinking move by the tech giant. Until Softpedia discovered what appeared to be a change of heart on the official Microsoft website. The headline “Microsoft Store doesn’t accept Bitcoin” predictably went viral online as tech sites dissected the premature move.

It seemed a little odd that the decision to remove Bitcoin came at the moment when the concept of electronic money is on the verge of going mainstream. Although the average user still has a very limited understanding of this technology, it’s important to remember that a record $1 billion has been invested in Bitcoin firms so far.

Microsoft are masters of the U-turn and quickly backtracked by announcing “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

Read more ... source: TheBitcoinNews

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