Microsoft Ends Three-Year Adoption of Bitcoin, No Longer ‎Accepted At Stores

Software giant Microsoft has silently removed support for 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 in the ‎Microsoft Store – a platform that offers all of its flagship software ‎including Windows and Office‎. The move, which took effect on December 26, comes three years after the ‎corporation adopted the digital currency in late 2014, with much fanfare. ‎

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Although an official statement from Microsoft is not yet available, many ‎crypto enthusiasts and reporters reached out to the company for a word on ‎this. The support staff has already revealed that Bitcoin is not accepted anymore ‎when buying content from Windows stores.‎

Several Microsoft employees have cited the unstable state of the Bitcoin currency. It’s also ‎possible that Microsoft simply did not want to deal with ‎complaints of delayed transactions and significant increases in the fees to process ‎transactions, a scenario which it would have little control over. The high Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term may cause even greater problems for the company when the value of Bitcoin itself drops ‎dramatically.

Transaction fees that are charged to the customer by the Bitcoin network have skyrocketed ‎in 2017, topping out to more than $20 per transaction last month, compared to roughly $0.20 ‎when Microsoft originally accepted Bitcoin. ‎

In December ‎‎2014, Microsoft added bitcoin as a payment option to purchase ‎apps, games, and other digital content from the Windows, Windows ‎Phone, Xbox Games, Xbox Music, and Xbox Video stores. At the time, the software-maker joined the ranks of other large companies like Dell, ‎Newegg, TigerDirect, among others, to begin accepting bitcoin.‎