On Monday, the transition to local currency was made official with the latest push of the Xbox Live dashboard update. The update will now make Microsoft Points a thing of the past, and give customers around the world the ability to buy products in their own currency.
The update as posted on the Xbox Billing and Membership blog, mentions the official update as part of the Xbox 360 system update. Microsoft points are being retired according to the post, and now local currency makes it easier to redeem it for games, music, movies, and more.
Current Points Converted to Local Currency
Customers who initiate a purchase or redeem a Microsoft Points card or code on their console, will now see those amounts converted to an equal or greater Marketplace value in their account. The amount that is converted will expire on June 1, 2015, and currency added to the account will never expire.
Family Accounts Get Conversion As Well
With families who have the Gold Family Pack, Microsoft will add the converted points to that account as an amount of money equal or great to the marketplace value of that account. Those converted points to currency will expire in two years, but gives access for family members to use on the Xbox Live marketplace.
33 Different Countries Supported
Microsoft updated the list to 33 different countries that will get the local currency conversion. Those countries cover North America, Australia, Europe, Asian countries, African countries, and others. Most major countries are covered in the conversion for users to use.
Microsoft on its post gave explicit details on what happens to current Xbox Live Rewards, Microsoft Points Cards, and existing codes that have not been converted. This change will affect a number of users and Microsoft made it a point to go over the different options for consumers in a very detailed post.
The move will make consumers happy, the accounting teams at Microsoft we are sure very happy, and finally let users know how much things cost without having to covert silly Microsoft Points into their own currency. The update is live on the Xbox 360 in most countries, and the local currency options should be as well soon.