Re: Microsoft to accept bitcoin

I bet dollars to donuts it's AML (http://www.finra.org/industry/issues/aml/). Which I think is also why Wikipedia collect private info on all bitcoin donators...not because they need it, but to prove the money clean before they got it.



On Dec 11, 2014, at 21:16, Joseph Potvin <jpotvin@opman.ca<mailto:jpotvin@opman.ca>> wrote:

RE: "While the virtual currency can be used to put funds into Microsoft accounts, it can’t be used to pay directly for other Microsoft products and services other than the content we highlighted above at this time. ...There is a cap on how much you can exchange per day: $1,000 (or its equivalent in your country or region’s currency) to your Microsoft account on any given day, and no more than $5,000 to additional Microsoft accounts that are registered in your name or by you."

The reasons given for these constraints are what?

Joseph Potvin

On Thu, Dec 11, 2014 at 4:54 PM, Eric Martindale <eric@bitpay.com<mailto:eric@bitpay.com>> wrote:
For what it’s worth, this wasn’t quick – we worked hard on this for over three months.

Sincerely,

Eric Martindale
Developer Evangelist, BitPay
+1 (919) 374-2020<tel:%2B1%20%28919%29%20374-2020>

On Dec 11, 2014, at 4:51 PM, Melvin Carvalho <melvincarvalho@gmail.com<mailto:melvincarvalho@gmail.com>> wrote:

I was somewhat surprised to see how quickly microsoft were able to pull this off, over their rivals.  I think this moves bitcoin into the mainstream, if it wasnt before.  Perhaps standards bodies will now take it more seriously (I hope so!).

http://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins-to-buy-apps-games-and-more-for-windows-windows-phone-and-xbox/




--
Joseph Potvin
Operations Manager | Gestionnaire des opérations
The Opman Company | La compagnie Opman
jpotvin@opman.ca<mailto:jpotvin@opman.ca>
Mobile: 819-593-5983