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
Company Spotlight
MasterCard Forecasts Future of Biometric Payments
News
Shopper Gets 422 Million Amex Reward Points – But Why?
News
Amex Gets Booted Out Of Costco Canada
News
SEC Investigates Western Union Over Digital Revenue Projections
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
Hmmm
Alibaba IPO Is Done, So Now What?
Uncategorized
flem
Webinars
Defining the Future of Payments Security
B2B Payments
Innovating ERP With Analytics
View All Articles ››