Microsoft promised that the next major update for Xbox Live would bring an end to long confusing and frustrating Microsoft Points system in favor of real currency usage instead. Today just such an update went live (no pun intended) and it has indeed brought with it the change many have long desired. The Microsoft Point is dead. Long live real currency usage for online purchases! Hmmm… Not very catchy but it will just have to do for now.
The conversion process for those who still had points left in their accounts is following a standard $1 = 80 MS points. Furthermore, Microsoft appears to be rounding up to the nearest quarter dollar. So if you had a point total, for example, that translated to $20.68 after the conversion, you would actually have $20.75 listed in your account. Microsoft has confirmed that all transitions will “add to your account an amount of local currency equal to or greater than the Marketplace value of those points.” So gamers need not be concerned about any possibility of losing money in the exchange.
Microsoft has also confirmed that they will continue to honor as yet still unredeemed Microsoft Points cards for the foreseeable future. Such cards will remain in stores for now as well and can continue to be purchased and redeemed (for currency not points) as normal. The company also confirmed that Xbox Gift Cards featuring amounts based on local currency will arrive in stores before the end of 2013. Stay tuned to Blistered Thumbs for continuing coverage of gaming news the world over and be sure to share your thoughts and opinions in the comments section below.