Microsoft has announced officially that thanks to a partnership with the crypto currency payment processor BitPay they are now starting to accept Bitcoins as a form of payment from users. Starting today you can trade-in Bitcoin – at current market value – and add it to your Microsoft account and then the funds can be used to purchase content in the Windows Store, or in stores that house Xbox Games, Xbox Music or Xbox Video. While the virtual currency can be used to put funds into Microsoft accounts, it can’t be used to pay directly for other Microsoft products and services other than the content mentioned.

Starting today, Bitcoin should appear as an option for those wishing to add money to their Microsoft accounts. If you want to transfer your Bitcoins, you first need to select the amount of money to add to your Microsoft account. BitPay calculates the equivalent amount in Bitcoin and delivers that information, along with a BitPay Bitcoin address and payment instructions. You then pay the displayed amount of Bitcoin from your wallet to complete the transaction. There is a cap on how much you can exchange per day: $1000 USD (or its equivalent in your country or region’s currency) to your Microsoft account on any given day, and no more than $5000 USD to additional Microsoft accounts that are registered in your name or by you.

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