In an article on CNBC, it was reported that Microsoft Corporation (NASDAQ:MSFT) has started accepting Bitcoins as a valid payment method. Users can now buy Windows apps, games, products, services, software and much more using the digital currency, which has imbibed a lot of companies lately. The source said that there was no official announcement from Microsoft Corporation (NASDAQ:MSFT) regarding this development. A leading Bitcoin agency CoinDesk wired this development and said that Microsoft Corporation (NASDAQ:MSFT) has now added Bitcoin in the list of options on its websites. This is an importunate step towards the digital currency, which was being resisted in the marketplace since years. With the increase in mobile payment systems like Apple Pay, Alipay and PayPal, Microsoft Corporation (NASDAQ:MSFT) is now tapping into the world of mobile and digital payments slowly.
Microsoft Corporation (NASDAQ:MSFT) has said that users can pay for services and products in Bitcoins but the company will not refund any payment. Also, the Redmond giant has said that the payments will not be direct; users will have to pay through agents like Coin Desk in order to use the Bitcoin payment method with Microsoft Corporation (NASDAQ:MSFT).
Bitcoin price went up after this news. It already went up by 5.6% to brush $19 when the news hit the web that JPMorgan former director is gearing up to launch a Bitcoin startup.
There is a lot of market potential in the Bitcoin currency, but it is also a victim of a plethora of regulatory issues. PayPal, Baidu, Virgin, Lord & Taylor are some of the famous companies which are using Bitcoin as a valid payment method. Addition of Microsoft Corporation (NASDAQ:MSFT) in this list has certainly increased the portfolio and confidence of Bitcoin companies and agents.
As of 30 June 2014, Ken Fisher’s Fisher Asset Management hold around 17.7 million Microsoft Corporation (NASDAQ:MSFT) shares.