Microsoft Plans (Virtual) Payments Shift – Report

What's Next In Payments®
3:38 PM EDT January 24th, 2012

Microsoft may be looking to phase out its current virtual currency, known as “Microsoft Points”, in favor of real-world money, according to a report by InsideMobileApps.com.

Related: Virtual Currency Equals Love

This shift would affect developers for three specific products: Xbox, Windows Phone and the Zune marketplace.

Customers who still possess Microsoft Points after the switch will have them converted into the local currency.

When questioned about this development, a Microsoft spokesperson declined to provide any additional information, stating: “we do not comment on rumors or speculation.”

Click here to read the complete article.

Comments
Also by This Author
What's Hot
Mobile Commerce
Apple iTunes Accounts Have Reached 800 Million
Company Spotlight
Court Dismisses 3 Card Issuers From Decade-Old Arbitration Case
Mobile Commerce
Massachusetts Bill Would Require Added ATM Security Measures
Europe
Digital River SMB Solution Expands to U.K.
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Mobile Commerce
Apple iTunes Accounts Have Reached 800 Million
Company Spotlight
Court Dismisses 3 Card Issuers From Decade-Old Arbitration Case
B2B Payments
Co-op Deal With FIS Could Double Sprig Funds-Transfer User Base
Mobile Commerce
Massachusetts Bill Would Require Added ATM Security Measures
View All Articles ››