Microsoft Points to be no more... finally
Microsoft is soon to ditch the MS Points system currently used by the Xbox...
To the backdrop of a million cheers, the end of Microsoft's fairly loathed MS Points system is on the horizon. The next Xbox update will sound the death knell for the often confusing currency system in favour of actual money which, you know, we've been using quite well for a few years now.
To bring the Xbox in line with the rest of Microsoft's other platforms, like Windows 8 and Windows phone, content on the Xbox Live Marketplace will soon be sold using normal, real world prices, and any existing balances users have will be automatically converted from MS Points to an equivalent hard cash value.
In future, all transactions over Xbox Live will be handled using credit card, Xbox Gift card and region-specific online payments, and your account will span all facets of Microsoft's stores, straddling al platforms.
However, it's important to note that any existing MS Point balances, although they'll be honoured and converted into money, will expire on June 1 2015. So you'll need to use any stored funds by then.
“We are excited to announce that, as part of the next Xbox 360 system update, Microsoft Points will be retired, and transactions on Xbox will take place using your local currency instead of Microsoft Points. The monetary value in your Microsoft account will be stored in local currency, offering you a new, convenient way to purchase exciting Xbox content. This change allows you to use a single Microsoft account to purchase games, movies, apps, and entertainment from your favourite Xbox stores - or the Windows Phone Store for users with a Windows Phone 8! “, said the Microsoft announcement.
There's no release date for the update at the time of writing, but the update is apparently in beta at this time, so it shouldn't be long until the bagpipes will be playing for MS Points.
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