The technology and computing company Microsoft will accept bitcoin as a form of payment again. The service has been temporarily suspended since Sunday, January 7.
According to sources Microsoft temporarily stopped all payments with bitcoin in its online store due to price volatility and high commissions caused by high transaction traffic in the blockchain and spam attack occurred the past days. The company began accepting the popular cryptocurrency in 2014 with BitPay's platform as an intermediary to load funds into Microsoft accounts, which allow it to acquire applications, games, and products from Windows, Windows Phone and Xbox.
An unidentified spokeswoman for the company contacted by the Australian news media confirmed that the service was temporarily suspended but will resume as of today thanks to an agreement on the commission price negotiated with the team responsible for the payment platform.
"We have restored bitcoin as a payment option in our store after working with our supplier to ensure that smaller amounts of bitcoin are redeemable by our customers."
Microsoft
Other companies related to the world of technology have had a similar relationship to Microsoft's with cryptocurrencies. Steam, the online platform for distributing and updating computer games belonging to the video game company Valve, game creators such as Half-Life and Counter Strike, accepted payments using bitcoins on its website since April 2016.
The platform allowed you to accept payments in your online store using the popular cryptoactive, calculated based on the local currency at the time of purchase. Therefore, in the transaction the company received the equivalent of the price in fiat currency and the consumer could make use of its digital currency.
At the beginning of December 2017, Steam stopped accepting bitcoin as a payment method for the same reasons that led Microsoft to suspend the transactions temporarily.
In the official statement the team explained that it has had problems to process video game purchases using cryptocurrency because of the high prices in transaction fees that must be assumed by the company. These came to represent at that time up to 50% more than the value of the game, for example, in a $40 purchase, the commission for using bitcoin could be up to $20 to be taken over by the company. Whether this decision will be temporary is unknown.
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I hope you found the information helpful! Please give me your vote and resteem my post to help me grow in the community. Also follow me so that you don't miss the latest news about the cryptocurrencies. Greetings from Venezuela ;)
I just started to follow you too.
Thanks to follow me my friend @across-the-moon I follow you
that is a good news bitcoin will now be back on track!
Enjoy the vote and reward!
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Yes my friend @marlon241982 greetings :)
good and positive news for everyone!
Correct my friend, very good news... Greetings @snakesolidus
Upvoted @emmanuel250998 thanks for the update news.
Thanks my friend @sharatots greetings :)
Your welcome my friend
Many companies are moving towards decentralization, thanks for posting this.
Thanks to you for reading my post @arthursen greetings my friend :)
That's great news! Facebook should do the same for buying ads. Btw, my upvote doesn't worth anything 'cuz I'm a newbie here, but I'm posting this comment as a support. If you want, you can check my introduction post and leave me some feedback :) PEACE!
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You are welcome! Thanks for visiting my profile! ;)
That was quick... Can't escape the blockchain!
Excellent article @emmanuel250998
Are you able to provide sources for your information in future posts? It will add greater emphasis and weight to your writing!
Thanks my friend @aghunter.
All the articles I publish belong to Criptonoticias. com, this news page is in Spanish. My job is simply to bring you Steemians brothers this news in English so that you can read it... Thank you for reminding me, I will put the font from the following article that I publish :) Greetings from Venezuela.
nice post
thank you for new
Thanks for reading my post @zuzia greetings!!
That is great news. Hope in future more companies will decide on the same step :)
Thanks for reading my post @aga.mountain greetings!!
Will this raise or drop the microsoft stock price?
good desicion for microsoft. Nobody reject future
Thanks you brother
Thanks for reading my post @mahmudkandi greetings!!
You're welcome brother
Don't forget to Vote Yes brother.
good info....glad to hear this....I am upvoting you.
Thanks my friend @buddy67 greetings :)
Nice words but, i still need help on this bitcoin trade any words for me
That is a good news brother..... good information keep it up.....
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