Sunday, January 7, 2018

Microsoft Halts Bitcoin Transactions

Microsoft has stopped supporting Bitcoin as a payment method for Microsoft products, reportsd Bleeping Computer.

A Microsoft support staffer said the move is temporary and cited the unstable state of the Bitcoin currency. Microsoft added support for Bitcoin in 2014, and has previously temporarily stopped supporting Bitcoin in the past.

The move and reasons are similar to Steam's decision to stop supporting Bitcoin transactions at the start of December 2017.

Steam cited "high fees and volatility" as the reason it stopped supporting Bitcoin payments.

Transactions fees have skyrocketed from a few cents a few years back to tens of dollars, making Bitcoin almost unusable for small transactions.


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