In a surprise move, Microsoft has quietly started accepting Bitcoin as a way to add funds to your account which can be used to purchase digital content like apps, movies, TV shows, games, etc. from Windows, Windows Phone, Xbox Games, Xbox Music and Xbox Video stores.
In a FAQ on the Microsoft billing site, one can see how Bitcoin can be used to add money to your Microsoft account:
To add money to your Microsoft account with Bitcoin:
- Sign in to Microsoft account – Billing with your Microsoft account
- Select Payment options > Microsoft account > redeem bitcoin
- Select the amount you want to add, then click Next
- Review the amount of Bitcoin needed and use your digital wallet to complete the transaction within 15 minutes:
- On your computer – select Pay with Bitcoin and then pay from your Bitcoin wallet on the same device.
- On your smartphone – scan the QR code displayed on the page to pay from your mobile wallet app.
- If your wallet is on another device, you can copy the receiving address and BTC amount to the wallet on your device or the Web and then make your purchase.
Of course, this feature has caveats besides the fact that this form of payment is supported only in the United States version of the various stores:
- Bitcoin funding is non-refundable.
- While the Bitcoin-funded account can be used to purchase digital goods, it cannot be used to purchase Microsoft products and services directly.
This move is another big endorsement for Bitcoin. Per Coindesk, this funding option is enabled by the integration between Microsoft and BitPay, a Georgia-based Bitcoin processor.
Are you excited about this move? Will you be funding your Microsoft account with Bitcoin? Let us know in the comments below.