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Next Xbox Live update turns Microsoft Points into local currency

The next Xbox 360 system update will spell the final doom of the Microsoft point. Chief product officer Marc Whitten laid out how the changes will happen in post on the Xbox Wire news blog.

First off, all current Microsoft Points will be converted to an equal or greater value of their local currency--including points earned through Xbox Live Rewards. All existing Microsoft Point Cards and codes will be accepted "until further notice" for their equivalent local value, and new local Xbox Gift Cards will start rolling out in late 2013.

Whitten did not say when Microsoft will release the update, but Xbox Live's Larry "Major Nelson" Hryb earlier wrote that the Microsoft Point will go the way of the dodo sometime in 2013.

9 comments

  • CitizenWolfie - August 13, 2013 1:06 a.m.

    Do you still have to top up with set amounts of funds? I know Nintendo's Wii U store only allows four options but PSN often just charges me the exact amount if my wallet doesn't cover the price of a download. I don't really like having to pay out £10.00 to top up my credit when all I want is a 79p DLC character skin.
  • SomeOddGuy - August 13, 2013 7:06 a.m.

    From my knowledge here in the states, the eShop(both 3DS and Wii U) allows you to pay the remainder of what you owe(no matter how big or small) with a one time transaction. I'd rather Microsoft borrow that concept than the current model they have since microtransactions would be much easier to buy small bits of DLC without needing a remaining balance. Really hope it's not like PSN's system where the minimum balance charge is $5 no matter what, even if it is tax free. One of the reasons I didn't get to buy things for less than $5 there since it would charge me $5 for every time I had to add a balance when I only needed $2 worth...
  • FoxdenRacing - August 12, 2013 6:18 p.m.

    It's about time. The 'use them or lose them' thing disturbs me, but it's a step in the right direction.
  • g1rldraco7 - August 12, 2013 5:14 p.m.

    Great like I wasn't already paranoid with online accounts. :1
  • Scoob - August 12, 2013 5:48 p.m.

    I would imagine they still have cash cards in the same way Apple has iTunes cash cards. Pretty much all major online storefronts have them available at retail. Well, I'm assuming you're afraid to put your credit card info on their site.
  • g1rldraco7 - August 12, 2013 8:53 p.m.

    Exactly right. My main concern is what will happen with all the gold that's accumulated on your online account.
  • awesomesauce - August 12, 2013 9:40 p.m.

    what do you mean by Gold? the points they said they're converting and the gold accounts are just a fancy way of saying your subscription
  • OffgamersLLC - August 12, 2013 5:04 p.m.

    Nice Post! Thanks for sharing.

Showing 1-9 of 9 comments

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