Microsoft Announced Bitcoin Payment Revival After a Halt Over “Volatility”: [Essay Example], 416 words GradesFixer

Haven't found the right essay?

Get an expert to write your essay!


Professional writers and researchers


Sources and citation are provided


3 hour delivery

This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Microsoft Announced Bitcoin Payment Revival After a Halt Over “Volatility”

Print Download now

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

Download PDF

What some could have referred to as to the change of the position is no longer applicable.

This week, the technology giant Microsoft has renewed the BTC remuneration option for its services and products. Just a few days ago several media, which reached out to the company’s representatives, informed about Microsoft’s decision to stop receiving bitcoin funding methods without highlighting the official reason for the halt.

It was not the first time when Microsoft shut down this payment service. Started being friendly to BTC in 2014, the company had to pause the bitcoin payment service providing back in 2015 and 2016. This time some could have thought that the large tech corporation changed its attitude on cryptocurrency when it revived the payment option for crypto enthusiasts.

The First News Over The Pause

Earlier this week it was reported that Microsoft officially stopped adopting BTC funding methods. The company’s customer support representatives acknowledged it to several media outlets that the services were disabled since December 26, 2017. The “Redeem bitcoin” link on was purged. Since then clients could not purchase movies, games, applications, etc., in Xbox and Windows stores.

The actual reason for the halt was not given. Therefore, a plethora of rumors on the internet concerning Microsoft’s change of position concerning cryptocurrency arouse.

BTC Payment Option Is Back

On January 9, amid the spreading news over the halt of bitcoin payment for the corporation, some websites reported that they reached out to the company and were told that the service was renewed. According to them, the company revived the option after discussing it with its provider.

As reports, a Microsoft spokesperson on Wednesday, January 10, ultimately reaffirmed that the service indeed was regenerated:

“We’ve restored bitcoin as a payment option in our store after working with our provider to ensure lower bitcoin amounts would be redeemable by customers.”

Meanwhile, Bleeping Computer referring to the words of several unnamed company’s raps, informed that the tech titan came to pause because of the volatile nature of this digital coin.

Interestingly, the news about Microsoft giving up on BTC was published at the period of bitcoin swings in price. After January 8 bitcoin started sweepingly losing in value, firstly, dropping down to about $14,300 on January 8 and $13,100 on January 11. It seems that bitcoin finds it quite difficult to recover after a severe correction in the end of December 2017, when it fell as much as 30% in 24 hours to a low of $12,000.

Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism free

Sources and citations are provided

Cite this Essay

To export a reference to this article please select a referencing style below:

GradesFixer. (2018, October, 08) Microsoft Announced Bitcoin Payment Revival After a Halt Over “Volatility”. Retrived February 20, 2020, from
"Microsoft Announced Bitcoin Payment Revival After a Halt Over “Volatility”." GradesFixer, 08 Oct. 2018, Accessed 20 February 2020.
GradesFixer. 2018. Microsoft Announced Bitcoin Payment Revival After a Halt Over “Volatility”., viewed 20 February 2020, <>
GradesFixer. Microsoft Announced Bitcoin Payment Revival After a Halt Over “Volatility”. [Internet]. October 2018. [Accessed February 20, 2020]. Available from:

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.



Your essay sample has been sent.

Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

thanks-icon Order now

Hi there!

Are you interested in getting a customized paper?

Check it out!
Having trouble finding the perfect essay? We’ve got you covered. Hire a writer uses cookies. By continuing we’ll assume you board with our cookie policy.