No More Bitcoin Deposits: Microsoft Changes Attitude On Cryptos

No More Bitcoin Deposits: Microsoft Changes Attitude On Cryptos

Not long ago Microsoft and bitcoin enthusiasts could enjoy the purchase of movies, games, and applications in Xbox and Windows stores. But it seems that this technology titan has changed the course estranging from bitcoin and becoming more hostile to it than friendly, as it has stopped receiving BTC funding methods.

Microsoft’s New Attitude on BTC

All Microsoft clients, who support bitcoin, have now to admit: bitcoin deposit no longer available when it comes to paying for the company’s services and products. Microsoft has already informed all of its affected customers, who it managed to elicit, via email. There have been a lot of rumors concerning Microsoft’s change of position on bitcoin on both forums and social media, so now it’s all apparent.

According to News.Bitcoin.com, the company’s rep replied to the request concerning the issue and detailed that Microsoft stopped receiving bitcoin in return on client’s account since December 26:

“The “Redeem bitcoin” link on Account.Microsoft.com has been removed, so customers like you will no longer see the option. Previous redeem error information has been removed from this post.”


Why Tech Giant Declined Bitcoin?

Unfortunately, Microsoft customer support representatives are not allowed to unveil the ground for such a decision. Nevertheless, the discourses on various forums where employees express their opinions, give a hint of the fact that bitcoin funding methods have been displaced because of the operational matters but not due to control demands.

On the whole, it is not surprising that several tech companies like Microsoft in this case and some others try to stay away from bitcoin until the entire resolution of the matter. The reason that is known for everybody is in bitcoin’s value instability, high transaction and remittance fees as well as long waiting time in making transactions. Perhaps, the decline of bitcoin by tech giants will motivate developers to come to a common solution.

Bitcoin’s Volatility? In 2017 BTC Was More Stable Than In Its Early Days
Despite some 30% crashes in 2017, bitcoin managed to increase by total 1,400% last year, conquering the world’s financial stage. Banks are becoming...
Stablecoin - Everything You Need to Know
What Is A Stablecoin? You must have heard of cryptocurrency which has been the recent talk of the town. Well, stablecoins are a form of...
Gold Pulls Bitcoin Investors From BTC, Says Van Eck Associates CEO
In 2017-2018 bitcoin bit gold as bait for investors. However, the situation is expected to change in 2019 as investors already hope more for the gold...
Crypto-Supporter Milne Said Bitcoin’s Only Ledger to Last 100 Years
As bitcoin continues trading approximately Twitter thread entrepreneur Alistair Milne forecasted that the upcoming cyber money bull will decide which...
Increased Supply of Altcoins Will Depress Bitcoin, Says St. Louis Fed Report
As it is known, crypto-supporters (bitcoin bulls) widely believe that the increase in the capped supply of all cyber-coins will boost bitcoin’s value...
BTC Market Cap Will Surpass $7 Trillion Gold Cap, Say Winklevoss
Recently, Tyler and Cameron Winklevoss, world-known entrepreneurs and early supporters of cryptos, have taken part in Reddit’s traded at $4,061 and...
Crypto-Community Celebrates Bitcoin’s 10th Birthday
This year’s January 3 marks a decade since the first bitcoin block was generated by Satoshi Nakamoto. Back then, in 2009, this person (or group of...
Best Bitcoin Memes in 2018: ‘Hodling’ and Crying
2018 has not been an easy year for bitcoin, not at all. Whereas it left 2017 at the price of $10,000, it started the new year in a pretty bullish...
Bitcoin Hits $4,190 For The First Time Since Early December
For the first time in a fortnight, bitcoin has managed to creep above the $4,000-margin. As of writing, the king of all cryptos is traded at $4,031...
Bitcoin Surpasses $3,500 on the Anniversary of the $19,000 Record
Today, December 17 marks an anniversary since bitcoin hit the $19,000 high for the first time ever. Moreover, this day marks a petty recovery of the...