Xbox Live real-world currency rollout starts 'late 2013'

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Microsoft will begin the Xbox Live Marketplace's transition from Microsoft Points to real-world currencies in 'late 2013', the company has confirmed.

"Our goal is to make this transition as easy as possible for you," it said in an update issued today.

"After the next Xbox 360 system update, when you go to buy something or redeem a Microsoft Points card or code on your console with your Microsoft account, we'll add to your account an amount of currency equal to or greater than the Xbox Marketplace value of your Microsoft Points, which will be retired," it explained.

Those with MS Points Cards after the transition will still be able to redeem them via Xbox Live for "equal to or greater" sums of local currency, assured Microsoft.

The company has also confirmed plans to release new 'Xbox Gift Cards' available in your local currency through online retailers and in local retail stores.

The new Xbox dashboard update and its real-world currency has been in beta testing in recent weeks. Uproar was sparked when testers noticed the significantly diminished value of their MS Points when converted to real money, but Microsoft was quick to clarify that the inflated beta test prices were "an unintended error".

Posted:
Related Forum: Xbox Forum

Source: http://www.computerandvideogames.com/423705/xbox-live-real-world-currency-rollout-starts-late-2013/

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"Xbox Live real-world currency rollout starts 'late 2013'" :: Login/Create an Account :: 121 comments

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_BalePosted:

I suppose it would be better using actual currency... Looks like they're copying Playstation though..

DissPosted:

Finally, I hate msp's you always have some left over and never know what to do with them. Now you can pay street value without any change left over, thank you!!! :D

ConnorTrapsPosted:

this looks really good so far

BoarPosted:

I don't understand what is wrong with the Microsoft point system..

_-_Posted:

This looks great so far

xxRider702xxPosted:

Katsumi
_Bale I don't see why they have to change it, there's nothing wrong with it as it is.


It was a pain figuring out how much a game actually costed off the marketplace.


It was simple , 1600 was $20. Now just divide it accordingly from there. How hard is that.?

LWRPosted:

-RageQuit- The ps3 have had this system for ages


Will they still be called MSP? Because aren't they called PSN Points now?

tylersk847Posted:

You won't lose your points and I can confirm this because I signed up for the beta and on the beta it's already changed over to real money. I had 40 points on my account left over and it gave me a message and said that they were changing it to real money and that my points were now money and I got $0.50 which is equal to that because 80msp=$1 hope I helped

KenjishuPosted:

The ps3 have had this system for ages

ChelseaFC6Posted:

Ranzee I was talking to some guy on support and he said that we won't lose the points on our accounts, they get transferred into local currency.


yeah I heard that as well, meaning it is official haha


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