Microsoft surveys Xbox customers on the use of Bitcoin as a payment option.

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With the growing success of the largest cryptocurrency, Bitcoin [BTC], many others in the tech sector want to use the digital commodity as a payment choice in their networks. Microsoft’s new update arrives when the company considers accepting Bitcoin purchases for the Xbox game console’s online shop.

According to a thread on the subreddit r/XboxSeriesX, the tech behemoth has surveyed its customers on their favourite form of payment at its online shop.

The post read:

“Which of these other payment methods would you like to use on Xbox?”

Among other potential means of payments, the company mentioned “pay with Bitcoin” as an option. According to reports, the survey was available to those participating in the Xbox Insider program for beta testing OS updates.

Microsoft has been open to the use of Bitcoin even before other tech companies got involved. It began accepting Bitcoin to fund Microsoft accounts, which allowed the users based in the U.S. to purchase products and services from the company including Xbox games.

As per reports:

“Bitcoin can be redeemed as credit on a Microsoft account, which can then be used for a variety of its services, such as Xbox Live, Microsoft 365, OneDrive or Skype.”

Though some users speculate that the firm accepted “Bitcoin as a payment option until 2017 or 18,” it “quietly got rid of it.” If Microsoft accepts Bitcoin as payment, the cryptocurrency’s value would undoubtedly rise. However, the probability of Microsoft making a big leap like other tech giants like Tesla is tiny.

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According to sources, Microsoft president Brad Smith said that the company does not have any crypto diversification ambitions like Elon Musk’s Tesla, but left room for speculation in the future.

At the time of publication, the Bitcoin price was experiencing a dramatic spike. The digital commodity was trading at $57,974 with investors aggressively investing in the market.

 

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