Microsoft accepting Bitcoin payments

" Microsoft has started to accept Bitcoin payments, allowing customers to buy apps, games and videos from online stores with the crypto-currency.
The new feature, which was quietly added to its website last night, has been enabled by a partnership with payment processing startup BitPay.
Customers can now use Bitcoin to add money to their Microsoft account, but not use it to pay for goods directly. Once you add money to your Microsoft account you can use it to buy apps, games and other digital content from the Windows, Windows Phone, Xbox Games, Xbox Music and Xbox Video stores.
"Most Bitcoin transactions should process immediately. If it doesn't, please wait up to two hours for the transaction to complete before contacting support," says a support page on Bitcoin on Microsoft's website. "Money added to your Microsoft account using Bitcoin cannot be refunded, so make sure to review your transaction before paying with your digital wallet."
Currently the feature is limited to the US, and those customers here in the UK are not able to add funds to their account with a Bitcoin payment.
The news of such a large company adopting the currency sent the price of a single Bitcoin soaring by around $20 overnight to $360 (£230).
This summer the third largest PC seller in the world, Dell, announced that it would begin accepting Bitcoin as payment online. At the time several other US retailers had already made the jump, including Expedia and Overstock.com. Adoption is growing at a steady rate, but the individual announcements only seem to have a short-term impact on the Bitcoin price, which is currently at its peak at the end of last year. "

http://www.telegraph.co.uk/technology/news/11286998/Tech-giant-Microsoft...