You've been redirected from MobilePaymentsToday.com to PaymentsDive.com. In March 2021, Mobile Payments Today became a part of Payments Dive. For the latest payments news, sign up for the daily newsletter.

Microsoft will accept bitcoin, correcting earlier reports

Earlier, Microsoft released a statement on its website that it would not accept bitcoin. It has now corrected that statement and claims it will continue to accept the virtual currency.

Earlier, a few media reports claimed Microsoft would no longer accept bitcoin as payment for the Microsoft Store. Now, Microsoft claims it will continue to accept bitcoin payments and it apologized for inaccurate information, according to a report by The International Business Times.

Yesterday, there was a notice on the Microsoft website that stated it would no longer support bitcoin. Microsoft has now said, "We continue to support bitcoin for adding money to your Microsoft account which can be used for purchasing content in the Windows and Xbox stores. We apologize for inaccurate information that was inadvertently posted to a Microsoft site, which is currently being corrected."

Microsoft is also currently examining blockchain technology, and plans to develop a blockchain services market, according to the report.