Microsoft: Xbox 360 users will soon be able to gift money to friends

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Microsoft's Mike Ybarra tweeted yesterday that users on the Xbox 360 platform will soon be able to make monetary transfers to their friends.

"Full flow for gifting $ to friends via 360 will be turned on soon. Not yet!"— Mike Ybarra

An exact release date on the feature has not been announced, but Ybarra did state that the feature will be implemented soon. While this might be a fairly interesting feature, one has to wonder if this will come to the Xbox One or remain an Xbox 360 exclusive. Another thing to note is that Ybarra did make use of the "$" which could indicate that this might first roll out in the United States and only offer support for the US dollar.

The update is the first opportunity that gamers have to gift money between consoles, where previously users would have to purchase prepaid Xbox codes for a transfer to a friend. It has yet to be seen whether the money is contained within the Xbox ecosystem, or whether users can export it to their linked bank accounts.

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Related Forum: Xbox Forum

Source: http://www.neowin.net/news/microsoft-reveals-xbox-360-users-will-soon-be-able-to-gift-money-to-their-friends

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"Microsoft: Xbox 360 users will soon be able to gift money to friends" :: Login/Create an Account :: 78 comments

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ExtaticPosted:

Hmm I don't see the point in this

Joyful-Posted:

Drift This is a great update can't wait


It's quite a weird update, I didn't expect this at all to be honest. Lol.

DeluxeHazardPosted:

-Mark So....? They are making it easier for people to pay for modded lobbies is my first thought?


This could be very true if people are still on the Xbox 360 by the time this is released. I would hope though that you could gift friends games instead of currency.

TiffxnyPosted:

i need this on the next gen like yesterday

OwenPosted:

This is a great update can't wait

RyhPosted:

Would you be able to gift from a credit card or something similar? Because if not, i dont think it would be that useful. For me anyways.

GearzyTVPosted:

Qwel
OXT So if your account gets hacked someone can also steal your cash, nice one microsoft. No refunds ofcourse..


lol good point, I did not think about that. I guess this would make people want to add more security to their account like a button mash to login!


Someone could steal your cash anyway if they manage to get access to your account and you have a credit card linked to it. That argument isn't valid. It makes no difference especially since no one really leaves cash on their account without spending it on something. The only people that will get screwed is people who fall for fake hackers on cod and gift them money for nothing.

ZarkoticPosted:

Lig Will you be able to gift people ££??


Currency doesn't matter, it converts.

ehPosted:

OXT So if your account gets hacked someone can also steal your cash, nice one microsoft. No refunds ofcourse..


lol good point, I did not think about that. I guess this would make people want to add more security to their account like a button mash to login!

JixzahPosted:

360 users have money? I don't believe it considering they are still on last gen


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