Microsoft: Bitcoin Regulation Will Influence Expansion Plans
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....
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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....
Despite rumors to the contrary, Microsoft's bitcoin payments program remains limited to US customers. In a statement to CoinDesk, Microsoft indicated that while it is considering expanding the program to new markets, such discussions are still in the initial stages. 'We are looking into expanding our bitcoin payment processing outside of the US, but have nothing more to share at this time,' a spokesperson said. The comments follow suggestions by Microsoft users that the company had opened up its offering to users in the UK and Germany. Microsoft first began accepting bitcoin as a payment....
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....
Microsoft’s blockchain platform expands for royalties management, but how will this impact the gaming sector as a whole? Enterprise Ethereum is beginning to show its impact as some of the largest companies in the world start to leverage the Ethereum network to solve complex business challenges. For example, tech giant Microsoft and Big Four firm Ernst & Young announced the expansion of Microsoft’s blockchain-based solution to extend to gaming rights and royalties management.Paul Brody, blockchain lead at EY, told Cointelegraph that Microsoft’s blockchain solution for this particular use....
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....