Microsoft Has Stopped Accepting Bitcoin Deposits

Cryptocurrency users are used to seeing more and more adoption of the instruments by companies. From time to time there are setbacks however, like Microsoft now reversing its previous bitcoin position.

Also Read: Is Bitpay Bullying Other Bitcoin Wallets and Hurting Users’ Privacy?

Microsoft’s About-Face on Bitcoin

Microsoft Has Stopped Accepting Bitcoin DepositsTechnology giant Microsoft (NASDAQ:MSFT) has canceled a previous bitcoin funding method for clients. The company has already sent out an email to all its clients who the system detected were affected by this funding issue. This settles the issue after a lot of speculation on social media and community forums based on partial information.

A Microsoft representative has also confirmed the matter on chat with us, and explained that from “December 26, Microsoft is no longer accepting Bitcoin in exchange for credit on the customer’s account. The “Redeem bitcoin” link on Account.Microsoft.com has been removed, so customers like you will no longer see the option. Previous redeem error information has been removed from this post.”

Microsoft Stopped Accepting Bitcoin Credit Deposits, Confirmed and Verified
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BTC Issues

Microsoft Stopped Accepting Bitcoin Credit Deposits, Confirmed and VerifiedMicrosoft support staff are not at liberty to disclose the reasons the company decided to take this move. However, from discussions with various employees in different forums one gets the picture that this was done not because of any regulatory demands or anything Read More Here