Microsoft Planning Aggressive Global Implementation; Thinking Long-Term on Bitcoin
Recently the technology giant Microsoft made bitcoin payments an option for all of their United States customers on everything from tablets and phones to services like Xbox Live. Their plans aren’t just for the basics though. BitPay, the payment processor Microsoft partnered with to begin accepting bitcoins, recently spoke out about Microsoft’s vision into the future. Sonny Singh, BitPay’s chief commercial officer, said the following in an interview with CoinDesk: “Microsoft has a long-term vision for bitcoin, BitPay and the blockchain. Starting with digital goods in the US is the logical....
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"Our industry does not respect tradition - it only respects innovation." It was with those words that Microsoft CEO Satya Nadella sought to prepare his team for fiscal year 2015, the remarks following a lengthy period of decline in prestige for the global brand as it fell out of step with reigning tech giants like Facebook and Google. To BitPay chief commercial officer Sonny Singh, Microsoft's decision to embrace bitcoin is part of the company's campaign to change this perception. While the Washington-based company has only added bitcoin as a payment option for US digital goods consumers,....
Global tech giant and Internet pioneer Microsoft ignited a new wave of interest in both bitcoin and its brand with its surprise December announcement that it had integrated the digital currency as a payment option for digital goods. While widely lauded by the bitcoin community as a small but forward-thinking step, optimism about the move arguably reached fever pitch when just a day later its partner BitPay suggested Microsoft was already considering ways to expand the payment option globally. Speaking to CoinDesk, however, Microsoft offered a somewhat different take on its internal....
China has a very long history; it has seen times of economic boom and economic recession come and go, it is a nation that has learned the importance of thinking in the long term. Where America and Europe are like blue-collar workers planning on blowing their wages on a Friday night whereas China is more like their wealthy uncle planning on investing his pension surplus for the benefit of his children and grandchildren. Maybe we should pay more attention to what China is doing. In April 2009 the Peoples Bank of China (PBOC) surprised the world by announcing that it was holding 1,054 tons of....
Microsoft caused quite a stir earlier this month when it announced that customers could use bitcoin to pay for certain content in the Windows and Xbox stores. While not accepting bitcoin on a global scale just yet, Microsoft has mentioned that it is experimenting with the cryptocurrency and its related technology in the hopes that doing so will allow for greater expansion. A spokesman for Microsoft said: "We are a global company, and we always think about our markets globally, be it for bitcoin or for all of our services and products... The technology behind bitcoin also represents an....
Additional information from Microsoft's formal announcement added. Global computing giant Microsoft has added bitcoin as a payment option for a variety of digital content across its online platforms. According to the company's payments information page, US-based customers can now use bitcoin to add money to their accounts, which can then be used to purchase content like apps, games and videos from its Windows, Windows Phone and Xbox platforms. The surprise announcement, which is the result of an integration with Georgia-based bitcoin processor BitPay, adds yet another major tech player to....