Industry Views: What Does Microsoft Mean for Bitcoin?
Microsoft took the bitcoin world by surprise late last night with the sudden announcement that it would allow consumers to purchase its digital content with the digital currency. The move, which opened its Windows, Windows Phone and Xbox platforms to a new payment method, provided a notable uptick in attention to the industry, as the price of bitcoin rose roughly 4% in its aftermath on the CoinDesk USD Bitcoin Price Index. While volatility in the markets declined over the day, interest in Microsoft's decision held strong. Major tech and finance publications, from Forbes to Gizmodo, all....
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The Australian-based online travel service Webjet provides customers with airline tickets, car rentals, and insurance packages. Recently the company announced a partnership with Microsoft that aims to provide a blockchain solution to improve the travel industry. Webjet & Microsoft Build Blockchain Proof-of-Concept. The travel company Webjet revealed....
If Microsoft Azure's CTO is right, R3CEV may have just been the beginning. Mark Russinovich envisions a world where every industry is involved in a blockchain consortium. In fact, since the network effect of a blockchain is only amplified by the number of participants, he thinks this future will prove inevitable as companies seek efficiency in numbers. And there's evidence so far to suggest that Russinovich is right. Since blockchain industry groups first began to pop up last year with the formation of financial consortium R3CEV, the rate those efforts being announced has only increased.....
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....
"Bitcoin can go up and down just based on the mania or whatever the views are," said the Microsoft co-founder. Microsoft co-founder Bill Gates is the latest prominent tech figure to seemingly try to stay out of the fray when it comes to questions about Bitcoin adoption.In an interview with CNBC’s Squawk Box this morning, Gates said he had neither invested in Bitcoin (BTC) nor wanted to make a prediction on any price movements. "I don’t own Bitcoin, I’m not short Bitcoin, so I’ve taken a neutral view," said Gates. "Bitcoin can go up and down just based on the mania or whatever the views....
Microsoft is planning to cut off support for Windows XP next month, but the move won't have the major impact on the ATM industry that many pundits believe. And contrary to what some bitcoiners say, it won't do anything to help the bitcoin economy of the fledgling bitcoin ATM industry, either. Official support for Windows XP is set to end on 8th April, which has prompted many commentators to conclude that the ATM industry will be in a world of trouble as soon as the clock hits midnight. In some respects this echoes the 'Millennium bug' (Y2K) fear, uncertainty and doubt that spread 15 years....