Microsoft begins accepting Bitcoin | Hartford Business Journal
The original article follows: Microsoft is a relatively early adopter of Bitcoin having enabled users to make payments with the cryptocurrency through the online Microsoft Store formerly the Windows 10 Store in — yet now the Redmond giant has seen fit to remove Bitcoin has a payment option entirely. Read: Amazon has purchased three new cryptocurrency-based domain names The news does not mark a total withdrawal from cryptocurrency, however, as Microsoft has confirmed that customers will still be able to use Bitcoin to add funds to their Microsoft account despite not being able to make payment for games, movies, or apps in the cryptocurrency.
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Related Articles. Bitcoin price still rallying according to analyst According to PlanB, Bitcoin price is still on its way upwards despite the minor fall below the new all-time high. Cookies ensure that we give you the best experience on our website.
Proponents of this technology believe that it would give privacy a boon because users would no longer need to leave digital footsteps online unless they wish to. The innovation would also reduce the chances of hacks and leaks because there are no centralized pools of data to exploit.
Because Of Microsoft Alone, Bitcoin (BTC) At $8000 Is Significantly Under-priced
Speaking of their innovation, the tech giant said :. This self-owned identity must seamlessly integrate into their lives and put them at the center of everything they do in the digital world. One user tweeted , saying.
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For a tech giant of this magnitude to announce they are using BITCOIN is probably the most significant announcements in this space to date. They have just endorsed BTC as a platform they trust.
Microsoft Launches Decentralized Identity Platform ION On Bitcoin's Blockchain
Others, however, felt that Microsoft gained more from this move than Bitcoin tweeting back that. They use the most secure and decentralized protocol for their applications.
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Bitcoin remains the same store of value with or without Microsoft…Microsoft has gained more value from Bitcoin than Bitcoin from Microsoft. This contract it has gotten into with Microsoft could enhance its usage and even move its integration into legacy financial institutions that will embrace the Microsoft type of DID. This will, of course, increase the Bitcoin BTC overall value and stabilize it from the overwhelming volatility that plagues it since its inception.
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