Microsoft to stop Bitcoin transactions

Microsoft stopped supporting payments in Bitcoin for Microsoft products due to instability of the cryptocurrency
08 January 2018   1232

Microsoft, a corporation which develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and services, has added support for Bitcoin in 2014, but has previously temporarily stopped supporting Bitcoin in the past.

Microsoft account Bitcoin paymentsMicrosoft account with Bitcoin payments

As it is reported by Bleeping Computer, a Microsoft support staffer has told in an intreview that Microsoft is stopping supporting Bitcoin as a payment method for Microsoft products, because of unstable state of the Bitcoin currency. Moreover, it was reported that Bitcoin payments were stopped temporarily.

However, Microsoft will not allow users to buy products with Bitcoin directly but will require users to add a predetermined amount of dollars to their account balance, which can be payed with Bitcoin.

Previously, we have reported that Idom Inc., one of Japan’s used car automotive groups has partnered with bitFlyer to enable Bitcoin payments across Japan, and that Japanese retailer Bic Camera started accepting Bitcoin in all stores.

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $14 603,00
  • Marketcap: $245 180 719 250
  • 24h volume: $15 923 400 000

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   142

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.