MICROSOFT ALSO EXPLORING BLOCKCHAIN TECHNOLOGY FOR THE IOT ‘WORLD OF DISTRIBUTED, CONNECTED DEVICES’
Since starting to accept Bitcoin earlier this month, Microsoft has not started offering Bitcoin acceptance globally, or for all of its products. Currently, users that wish to load their Microsoft accounts with Bitcoin are limited to $1,000 a day and $5,000 maximum. Microsoft seems to be waiting for further clarification on Bitcoin regulation before moving forward with their Bitcoin plans.
Like many other companies, Microsoft is willing to try Bitcoin acceptance, which has clearly defined tax treatments, but is reluctant to do anything else thus far. BitPay Chairman Tony Gallippi haspreviously identified one of Microsoft’s reasons for accepting Bitcoin:
This post was published at Crypto Coins News on December 31, 2014.