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.

Our top trading bots

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.

Cardano founder talks about Web3 and the comfort of Bitcoin at Binance Blockchain Week
Cardano founder Charles Hoskinson gave a keynote speech on the first day of this year’s Binance Blockchain Week, held at the Dubai World Trade Centre in...
TreasureDAO engineer alleged to have past involvement in questionable NFT projects
On Wednesday, decentralized finance (DeFi) detective Zachxbt published a long thread on Twitter about TreasureDAO’s front-end engineer Just Cheese, or JC,...
Second Life creator returns to lay claim to the Metaverse
The founder of Linden Lab’s virtual online world Second Life Philip Rosedale will be rejoining the project as a strategic advisor to guide its entry to...
How blockchain technology might bring triple-A games to metaverses
Nonfungible token-based projects like Loot and The N Project have helped spike interest in the Metaverse to an all-time high, raising hopes again that blockchain...
Silvergate Bank issues $100M credit line to mining firm Marathon Digital
Marathon Digital Holdings, a United States-based crypto mining company, has secured a $100 million revolving line of credit with Silvergate Bank using USD...
Bitcoin investors ‘no longer fearful’ — Watch this BTC price level next
Bitcoin (BTC) stayed higher on Oct. 2 after a “fantastic” break to the upside upended market sentiment.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader...
Price analysis 9/10: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, LUNA, UNI
Bitcoin’s recent plunge does not seem to have shaken the investors and data shows that exchange reserves were down to 2.399 million Bitcoin (BTC), which...
Outwitting crypto criminals: Why exchanges have to go the extra mile
Crypto criminals are getting more adaptive and smarter than ever before. But how can industry service providers keep up with them? If I say that the crypto...
HSBC UK reportedly cuts credit card payments to Binance
Banks in the United Kingdom continue to crack down on Binance cryptocurrency exchange, with banking giant HSBC reportedly becoming the latest bank to cut...
Brad Garlinghouse's lawyers file request for Binance documents in 'international' challenge to SEC lawsuit
The lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission, or SEC, now involves major crypto exchange Binance after a recent filing...
Triple-digit gains make Dogecoin and Ethereum Classic the top performers of Q2
In early 2021 Bitcoin and Ether price was the center of attention as each asset seemed to hit a new all-time high every 24-hours and traders called for...
Polkadot creator Gavin Wood proposes June 15 for first Kusama parachain auction
Polkadot and Kusama creator Gavin Wood has published a tentative schedule for the much-anticipated Kusama parachain slot auctions. According to a blog post...
Mark Cuban officially backs Polygon
Billionaire investor Mark Cuban has thrown his weight behind Polygon, according to a new disclosure on one of his websites, offering further evidence that...
Banking system consumes two times more energy than Bitcoin: research
Amid the ongoing concerns over Bitcoin's (BTC) energy consumption, a new study states that the traditional banking system consumes much more energy than...
Stop Lamp: Overloaded Bitcoin Exchanges Give Up on New Traders
What else could any business dream of, if not about the enormous inflow of new customers? Not that much, if it is not about crypto businesses, which currently...