Microsoft drops bitcoin as a payment method

Update: Microsoft has stated it will continue to support bitcoin, and that its recent statement regarding the digital currency was inaccurate.

“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 that was inadvertently posted to a Microsoft site, which is currently being corrected.”

Original article: Microsoft no longer accepts bitcoin as a payment method in its store on Windows 10 devices.

The company said users can no longer redeem Bitcoin into their Microsoft account.

“Existing balances in your account will still be available for purchases from Microsoft Store, but can’t be refunded,” said Microsoft.

Engadget stated that Microsoft has not explained the reasons behind the decision, and whether it will affect the company’s other platforms – such as Xbox.

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Microsoft drops bitcoin as a payment method