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".

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Related Forum: Xbox Forum

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

Comments

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MountaineersPosted:

I think this is a pretty good idea

oohPosted:

Ted- I hope the pricing across the world is fair!


It's not even anything different, just rather than having stupid MS currency it will be converted into real-world currency.

oohPosted:

Toll I will miss ms points but then I wont! It would be nice if they would add a trading feature over Xbox. But then there will be so many bad things!


How exactly would that make sense at all?

oohPosted:

Zuko They need to start taking the MSP codes off shelves and just switch when the majority of purchased points have already been downloaded.


That would be a waste of their money. The point codes are just converted to their worth in currency. EG. US 1600= $20 USD. It doesn't matter.

Vex-Posted:

They need to start taking the MSP codes off shelves and just switch when the majority of purchased points have already been downloaded.

TollPosted:

I will miss ms points but then I wont! It would be nice if they would add a trading feature over Xbox. But then there will be so many bad things!

Ted-Posted:

I hope the pricing across the world is fair!

SIKSPosted:

I'm really gonna miss them MSP

SportingPosted:

They should just have kept MSP. I guess we could go for a change.

LycanthropyPosted:

No