BitPay: Microsoft Has Aggressive Global Vision for Bitcoin
"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,....
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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....
Microsoft, the famous multinational corporation that powers much of the world's computing infrastructure with its Windows OS, now accepts Bitcoin online for its digital products. Microsoft users, in America only for now, can even fund their Microsoft/Windows Live or XBox Live accounts using Bitcoin, at the current exchange rate. Once Microsoft's Bitcoin acceptance is at 100%, businesses and end users alike can pay for services such as Azure or even Windows Phone apps. Once Microsoft starts accepting Bitcoin worldwide, the frictionless transactions will truly begin to flow. With $86.63 b in....
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....
December 11, 2014 — Microsoft now accepts bitcoin. Enabled by bitpay, the tech giant now allows users to spend their bitcoins on Microsoft Content. The announcement was originally published on Firehose, Microsoft’s news blog, but even before the official announcement the bitcoin community noticed the customer support page titled “How do I use Bitcoin with my Microsoft account.” Users can add bitcoin to their Microsoft account, but are not yet able to directly purchase digital goods. “You can now use Bitcoin to add money to your Microsoft account. Once you add money to your Microsoft....
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....