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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ChelseaFC6Posted:

Good, it's about time they make the change.

LWRPosted:

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.

LWRPosted:

ConnorTraps finally its about time for a change


Apparently some people in the UK are loosing out on money, which sucks.

ConnorTrapsPosted:

finally its about time for a change

KatsumiPosted:

_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.

KatsumiPosted:

Woobie Good, it's about time they make the change.


It's good to see them finally doing this, it will make using the Xbox marketplace much easier

oohPosted:

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


They claim it's easier to keep track of how much you have spent on items when using money instead of MSP, now I don't know if that's the whole reason they're switching but that's what was stated when they first announced it.


I agree on it's easier to track but Microsoft Points sounds so much better


How? I don't like the name.


Yeah its a waste. Normal money cards are fine


Exactly, if they're not preloaded, it'll be a good move on their part.

IlIuminatiPosted:

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


They claim it's easier to keep track of how much you have spent on items when using money instead of MSP, now I don't know if that's the whole reason they're switching but that's what was stated when they first announced it.


I agree on it's easier to track but Microsoft Points sounds so much better


How? I don't like the name.


Yeah its a waste. Normal money cards are fine

oohPosted:

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


They claim it's easier to keep track of how much you have spent on items when using money instead of MSP, now I don't know if that's the whole reason they're switching but that's what was stated when they first announced it.


I agree on it's easier to track but Microsoft Points sounds so much better


How? I don't like the name.

LWRPosted:

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


They claim it's easier to keep track of how much you have spent on items when using money instead of MSP, now I don't know if that's the whole reason they're switching but that's what was stated when they first announced it.


I agree on it's easier to track but Microsoft Points sounds so much better


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