Microsoft to stop Bitcoin transactions

Microsoft stopped supporting payments in Bitcoin for Microsoft products due to instability of the cryptocurrency
08 January 2018   663

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

ACINQ to Release Lightning API For Bitcoin Mainnet

Strike is API for easy acception of Lightning network payments
25 May 2018   33

Developers from ACINQ presented a version of Strike API for Lightning-payments in the main bitcoin network.

Strike is an API for easy acception of Lightning payments. From a technical point of view, the service works as follows: ACINQ receives and aggregates incoming payments, and then periodically sends transactions to the recipient's wallet. In other words, companies can offer their clients instant and low-cost payments, receiving funds through the usual cash transaction.

We take a 1% fee on payments, and that’s it. Automated payouts to your Bitcoin wallet are free of charge, because we batch them among merchants. The threshold for automated withdrawals can be set between 0.1–1 BTC.
 

ACINQ

Also, users can make a payment to the wallet manually, however in this case you will have to pay a commission of 0.5 mBTC.

According to ACINQ representatives, although using Strike and assuming the need to trust a third party, the level of risk is minimal, since the service sends an onchain-transaction every time the total amount of payments reaches a user-adjustable threshold.

The developers noted that the Strike integration with the WooCommerce plugin is currently underway. In addition, ACINQ is considering the possibility of partnership with the Canadian Internet company Shopify, which specializes in developing software for online and retail stores. The company serves 500,000 trading companies with a combined turnover of $ 45 billion.