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Microsoft polls Xbox users on Bitcoin as a payment method

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With the growing popularity of the largest cryptocurrency, Bitcoin [BTC] many others who are a part of the tech world want to include the digital asset in their systems as a payment option. The latest update comes from Microsoft which has been considering introducing Bitcoin payments for its Xbox gaming console’s online store.

According to a post on subreddit r/XboxSeriesX, the tech giant has asked its users’ opinion about their preferred mode of payment at its online store.

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.”

While some users are speculating that the company had begun accepting “Bitcoin as a payment option until 2017 or 18” but it “quietly got rid of it.” If Microsoft adopts Bitcoin as payment, it will definitely be an uptick for the cryptocurrency. However, the chances of Microsoft making a big move like other tech companies like Tesla isn’t very probable.

As per reports, Microsoft president Brad Smith had claimed that it may not have any crypto diversification plans like the Elon Musk-led Tesla, however, left room for speculation for the future.

While Bitcoin price was noting a sudden surge, at the time of writing. The digital asset was trading at $57,974 and was noting buyers participating actively in the market.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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