Microsoft Largest Company to Accept Bitcoin, Integration by BitPay

Microsoft became by far the largest company to accept Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term to date. The software giant is the second-most valuable company in the US, worth over $390 billion. The company indicates on its payments page that it will accept bitcoin to top up a Microsoft account. Bitcoin funds can then be used to purchase apps, games and videos for its Windows, Windows Phone and Xbox systems. Thus, like in PayPal's high-profile move to accept bitcoin, it can only be used for digital goods at this time. BitPay is facilitating the integration, although they have yet to make a formal announcement. For BitPay, the partnership is a huge boost as it gains traction in a highly competitive market with rival processors Coinbase and GoCoin. BitPay last week added DriveWealth, Xsolla and Bitstraat for bitcoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term support. There are also more catches to Microsoft's integration. Products purchased with bitcoin are not eligible for refunds. The company's support team should be contacted for erroneous payments. The restrictions bear some resemblance to Dell's policies for accepting bitcoin, which stipulate that only Coinbase account holders are eligible for refunds on bitcoin purchases.