Microsoft Has Stopped Accepting Bitcoin Deposits
Cryptocurrency users are used to seeing more and more adoption of the instruments by companies. From time to time there are setbacks however, like Microsoft now reversing its previous bitcoin position.
Microsoft’s About-Face on Bitcoin
A Microsoft representative has also confirmed the matter on chat with us, and explained that from “December 26, Microsoft is no longer accepting Bitcoin in exchange for credit on the customer's account. 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.”
Long delays, price volatility and high transaction fees have been known to hinder BTC adoption for a while already, and the problems have only gotten worse recently. Here we see that, like in the case of online gaming platform Steam, it can also lead companies to reverse course on bitcoin completely until the issues are resolved one way or the other. Maybe it will serve to push developers to come to an agreement on the way forward sooner rather than later.
Is Microsoft bound to come back to bitcoin sooner or later, or is this an opening for another cryptocurrency to swoop in' Tell us what you think in the comments section below.
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