Microsoft Corporation has removed the option of payment “Bitcoin” from the list of active payment instruments.
The company was one of the first who started to accept bitcoin, as its former CEO bill gates expressed his support for the idea of cryptocurrency. This information was confirmed in the customer support:
The main reason, apparently, is the volatility and other risks associated with cryptocurrency.
Customers can still use bitcoin to top up your balance in your Microsoft account. The balance funds can be used to purchase games, movies and applications, but these funds may not be used in the Microsoft store. In addition, funds are non-refundable.
Microsoft is one of the largest companies decided to stop accepting payments with bitcoins. While many companies, such as Square, for example, only 2017 has added this payment method. However, due to significant price increases and volatility in the last quarter of the risks for companies such as Microsoft grew.