Microsoft now accepting Bitcoin for games, music, more. Cryptolicious.
What the fuck is Cryptolicious? A man’s fried brain desperately trying to come up with a title. That same man’s brain failing. But efforting anyways, promising itself it’ll at least keep functioning until the large chicken parmesan calzone arrives. Soon: food. But now: cryptocurrency news.
Alongside cash and credit, Microsoft will now also accept Bitcoin in exchange for digital content, including music, movies and games on its Xbox consoles and Windows devices.
Bitcoin fans wanting to use their money on Microsoft’s goods have a few caveats to keep in mind. First, you can’t directly exchange Bitcoins for new games. You’ll need to transfer the Bitcoins into your Microsoft account, and then use that money to purchase your content. Users can transfer up to $1,000 into their Microsoft account each day, but high rollers should be aware that there’s a $5,000 maximum limit on each account. Once Bitcoins are transferred they can not be refunded.
If your eyes just glazed over, Bitcoin is an open source, peer-to-peer currency backed by the security of a computer algorithm instead of the economic strength of a nation. As the Bitcoin design is available to the public its supporters argue that the currency offers more transparency and freedom from human machinations than traditional monetary systems, and is inherently less likely to encounter the sorts of problems that caused the 2008 financial crisis.
Sounds cool! Now if Microsoft would only accept CandyMo.