Microsoft has been one of the leading names when it comes to the world of technology. The company has been around the markets for quite a long time, and has now introduced some of the most amazing technologies of recent times. The company, ever since it came out with Windows 10 OS, has been rather busy with the task of promoting their latest OS. Microsoft has now declared that they are no longer going to accept bitcoins as a means of payment for their store for the users of Windows 10 and Windows 10 Mobile OS.
“Microsoft Store doesn’t accept Bitcoin. You can no longer redeem Bitcoin into your Microsoft account. Existing balances in your account will still be available for purchases from Microsoft Store, but can’t be refunded,” the update, which applies to Windows 10 and Windows 10 Mobile, reads.
There has been no indication by the company as to why they have pulled off this move. Many have said that Microsoft are doing this because the company believes that bitcoins are not that widely accepted. Microsoft dropping bitcoin support for the Windows 10 OS and Windows 10 Mobile OS users is rather random and unexpected
However in 2014, when Microsoft initially introduced this, they had said that bitcoin not being a mainstream currency should not be a problem. “For us, this is about giving people options and helping them do more on their devices and in the cloud,” says Eric Lockard, corporate vice president of Universal Store at Microsoft. “The use of digital currencies such as bitcoin, while not yet mainstream, is growing beyond the early enthusiasts. We expect this growth to continue and allowing people to use bitcoin to purchase our products and services now allows us to be at the front edge of that trend,” he added.
It now looks like the company has observed that the number of transactions on bitcoins has been rather less and it is in their best interest that they do away with it.