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December 11, 2014

Microsoft begins accepting Bitcoin

By CNNMoney

Microsoft is now accepting the digital currency bitcoin.

Bitcoin is accepted as "a payment option to buy apps, games and other digital content from Windows, Window Phone, Xbox Games, Xbox Music or Xbox Video Stores," according to the Microsoft's payment and billing policy.

The company made no official announcement and rolled out the payment option quietly. It came to light when users began discussing the option online.

Microsoft joins a handful of other companies that accept bitcoins as payment, including PayPal and a scattering of restaurants, car services and at least one bar in New York City.

Bitcoin is the most popular form of digital currency, though it is still controversial and nebulous, since it is not government-issued currency and has experienced extreme volatility.

And since most businesses don't use it, Bitcoin is not that practical as a currency for day-to-day use.

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