First Reactions to Microsoft's Adoption of Bitcoin
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....
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Two days ago, technology giant Microsoft started accepting Bitcoin as a means of payment for users to fund their Microsoft accounts. With this move, Microsoft became the largest company in the world to accept Bitcoin. reddit users from /r/Bitcoin eagerly began posting to /r/XboxOne and other Microsoft-related subreddits about this addition, explaining what Bitcoin is, and tipping people. Many Xbox fans quickly caught on and started asking questions on /r/Bitcoin, such as "what is the benefit of switching from cash/credit card to Bitcoin?", and "what are some recommended wallets?".....
In a recent blog post on the Newegg Unscrambled official blog, Newegg web editor Ivan B. wrote candidly on why he believes that Bitcoin is going to hit the mainstream hard in 2015. For many, the impact of Bitcoin on the coming year won't be a blindside. Honestly, various people have been calling each year the "year of the Bitcoin" since 2012 or earlier. As the revolutionary technology grows, the exponentially increasing user base finds more and more use cases to hack at the existing financial system and push Bitcoin into the mainstream. The vote of confidence from Newegg comes after the....
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....
Microsoft has joined the Chamber of Digital Commerce. What difference would this bring to blockchain adoption? Recently Microsoft has announced that it has joined the Chamber of Digital Commerce, a trade association focused on promoting distributed ledger technology. What difference would this bring to blockchain adoption? The Chamber of Digital Commerce (CDC) is the world's largest trade association representing the digital asset and blockchain industry. CDC's mission is to promote the acceptance of blockchain technology through education, advocacy and working closely with regulators and....
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....