Monday, October 23, 2017
Bitcoin News

microsoft-bitcoin-payment news

Global computing Tech giant Microsoft has added new payment options.  Bitcoin which is also known as digital currency which is used to transfer funds with encryption. Bitcoin also become one of the hot commodity to trade among the speculators.

Now Microsoft integrated with Georgia-based bitcoin processor Bitpay, however this announcement is only US-Based customers who can use their money buy any microsoft products such OS, Apps, Windows Phone and Gaming Platforms.

microsoft bitcoinpayment bitpay

 

Image credit: Coindesk.com

Corporate vice president of Universal Store at Microsoft Eric Lockard said:

“The use of digital currencies such as bitcoin, while not yet mainstream, is growing beyond the early enthusiasts. We expect this growth to continue and allowing people to use bitcoin to purchase our products and services now allows us to be at the front edge of that trend.”
In addition to that, Digital Currency “Bitcoins” were accepted by other tech giants and Publicly traded companies such as Dell, Paypal, Expedia, NewEgg and all of the Forex, stock. commodity trading brokers and Binary trading brokers.

bitocin news

A McLean County man named Powell exchanging cash anonymously for last 18months and It is found that he headn’t registered his bitcoin exchange business in the state of Illinois or with the Federal Government.

Thus court decided and sentenced him to four years jail life in federal prison for exchanging Bitcoin without license.

However The U.S. Attorney’s Office located in central Illinois informed us that 55-year-old John D. Powell was sentenced 4years of Prison life by Judge Shadid.

bitcoin unlicensed trading exchange

FYI: Bitcoins are virtual currency used to buy and sell some goods and services without government-issued money. The cyber currency also allows people to conduct transactions anonymously.