Microsoft has no plans to make Tesla-like move into Bitcoin, says president
Microsoft president Brad Smith did not exclude the possibility of the company putting Bitcoin on its balance sheet one day. Microsoft, the second-largest company in the United States, does not apparently have any short-term plans to put Bitcoin (BTC) on its balance sheet, according to the firm’s president Brad Smith.In a Feb. 16 interview with CNN’s Julia Chatterley, Smith still hinted that Microsoft could still change its mind about a Bitcoin investment.When asked whether Microsoft is discussing any cryptocurrency diversification plans following Tesla’s $1.5 billion investment in Bitcoin,....
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Microsoft wants to know if gamers would spend crypto at the Xbox online store. Tech giant Microsoft seems to be considering introducing Bitcoin (BTC) payments at its Xbox gaming console online store.According to a March 21 Reddit post on r/XboxSeriesX, Microsoft has put out a survey asking Xbox users about their preferred payment options at its online store.“Which of these other payment methods would you like to use on Xbox?,” the purported survey asks, listing Bitcoin as one of the potential payment methods. The same photo has also been circulating across several other subreddits....
Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that he is not a fan of encouraging the private sector to issue digital currencies. Microsoft’s President Says Currency Issuance Should Be Left to Governments Brad Smith, President of Microsoft Corp., talked about digital currencies on Wednesday at an online conference hosted by the Bank for International Settlements (BIS). He was asked, “can tech firms be trusted to issue money?” and whether it is....
Yesterday's announcement that Microsoft is now accepting payments in Bitcoin for many of its digital products is, predictably, all over the news. Microsoft's adoption of Bitcoin is considered as a very important boost for the digital currency. Also read: Microsoft Now Accepts Bitcoin Through BitPay. BBC News notes that Bitcoin is slowly making its way into mainstream businesses, and now Paypal, Dell, Expedia, Newegg, Microsoft and many other firms accept payments in Bitcoin. One reason Microsoft is adopting Bitcoin is because it'll help make international payment processing more....
Microsoft also Exploring Blockchain Technology for the IoT "World of Distributed, Connected Devices"
Since starting to accept Bitcoin earlier this month, Microsoft has not started offering Bitcoin acceptance globally, or for all of its products. Currently, users that wish to load their Microsoft accounts with Bitcoin are limited to $1,000 a day and $5,000 maximum. Microsoft seems to be waiting for further clarification on Bitcoin regulation before moving forward with their Bitcoin plans. Like many other companies, Microsoft is willing to try Bitcoin acceptance, which has clearly defined tax treatments, but is reluctant to do anything else thus far. BitPay Chairman Tony Gallippi has....
Whether or not it is due to low transaction volume or any other reason, an announcement has been posted on the Microsoft Store as to how they are no longer accepting Bitcoin payments. Or to be more precise, they are not doing so for Windows 10 or Windows 10 mobile. Users are still able to spend existing balances but new deposits are no longer available. It would appear as if Microsoft is trying to make a push for replacing Bitcoin with Ethereum across all of their offerings. One the one hand, the company, is pushing hard to promote their Ethereum blockchain-as-a-service product while they....