PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Virtual-Currency Flux: Microsoft Points Reportedly Gone While Amazon Launches Coins

By Mercator Advisory Group
May 15, 2013
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Technology blog The Verge this morning reported Microsoft will abandon the Points system for its Xbox 360 video-game console in favor of a gift-card system, and credit and debit cards. Microsoft reportedly will make the change in time for its new, yet-to-be announced console this holiday season.

From The Verge:

The new gift cards will be offered in a similar way to Apple’s iTunes vouchers, allowing Xbox owners to purchase true currency to be used to download content. We’re told that normal cash transactions, using credit and debit cards, will also be supported. Microsoft currently offers gift cards in its retail stores, but these can only be used for purchases in brick and mortar stores. The new system will work across Microsoft’s various marketplaces, including the Windows Store, Windows Phone Store, and Xbox.

Microsoft’s decision to ditch Points has been a long time coming and was repeatedly rumored to happen the past couple of years. Gamers complain the system forces you to buy more points than one might need. For example, a user with a zero balance who wishes to purchase a TV episode for 240 points must buy the 400-point allotment, which costs $4.99. The currency is available in 400, 800, 1,600, 4,000, and 6,000-point allotments. Some 80 points are equivalent to $1.

Should Microsoft make the move, it comes at a time when virtual currencies are in a bit of flux. Facebook abandoned Credits last year, but Amazon just released Coins this week. Coins already has received many negative reviews on Amazon’s site. One user cited Microsoft Points as a system that confuses consumers and Coins already is doing the same.

Amazon might need to convince consumers the system will not be as confusing and frustrating as dealing with other models such as Microsoft Points.

Click here to read more from The Verge.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    cross-border tokenized deposits

    Ant International and HSBC Pilot Cross-Border Tokenized Deposit Transfers on Swift

    December 12, 2025
    Fiserv stablecoin

    Three Small Business Trends That Banks Can Hop On in 2026

    December 11, 2025
    echeck

    Beyond Paper: Why More Businesses Are Turning to eChecks

    December 10, 2025
    metal cards

    Leveraging Metal Cards to Attract High-Value Customers

    December 9, 2025
    fraud as a service

    Keeping Up with the Most Dangerous Fraud Trends of 2026

    December 8, 2025
    open banking

    Open Banking Has Begun to Intrude on Banks’ Customer Relationships

    December 5, 2025
    conversational payments

    Conversational Payments: The Next Big Shift in Financial Services  

    December 4, 2025
    embedded finance

    Inside the Embedded Finance Shift Transforming SMB Software

    December 3, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result