Software giant Microsoft has silently removed support for Bitcoin 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.
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.
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.
Source: Financial Magnates
Trader Bozhidar Arabadzhiev
Original Post: Microsoft Ends Three-Year Adoption of Bitcoin, No Longer Accepted At Stores
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