Microsoft Lifts Temporary Ban on Bitcoin Payments
It definitely seems that the ban on Bitcoin payments that Microsoft has previously announced has not lasted for long. The popular tech company announced that it decided to end its pause on accepting bitcoin after only a couple of days. This means that customers can once again use the cryptocurrency with the purpose to purchase Microsoft products.
Media reports indicated that a statement from the company revealed that Microsoft took the decision to restore the bitcoin payment functionality after working with a company provider to make sure that customer satisfaction will not be impacted by the high volatility and the enhanced fees associated with bitcoin.
The fact that Microsoft decided to drop bitcoin payments was first revealed earlier this week, when the company's customer support team confirmed for the media the fact that such payments will temporarily be halted. At that time, the company stated that the high volatility of the cryptocurrency was the main reason why payments had to temporarily be halted.
Microsoft has previously banned bitcoin payments
This was actually not the first time when such a decision came from Microsoft. The company previously said that it decided to stop bitcoin payments in July, 2017. At that time, Microsoft cited "multiple issues," but later confirmed that it was dealing with problems in processing bitcoin payments.
Microsoft also decided back in 2016 to put a temporary halt on cryptocurrency payments, but later said that such payments will keep on being accepted. Microsoft first started to accept bitcoin payments back in 2014. It remains to be determined if this time Microsoft will maintain these types of payments or temporary bans might follow in the future.