Blow on Bitcoin Enthusiasts, Microsoft Corporation Removes "Bitcoin" Payment Option from Active Payment Instruments . The company was one of the first adopters, and former CEO Bill Gates had expressed his support for cryptocurrency.

Microsoft's decision was confirmed by public discussions with customer service representatives. The main cause of the cessation seems to be the volatility and risk associated with cryptocurrency.

Customers can still use Bitcoin to add money to their Microsoft account. Accounts can be used to purchase games, movies, and apps, but these funds can not be used in the Microsoft Store. In addition, the funds are not refundable.

Microsoft is one of the most important providers to withdraw its Bitcoin payment option. Other companies like Square have added Bitcoin support in 2017. However, with substantial price and volatility increases over the last quarter of the year, the risk for companies like Microsoft seems to have increased

the day, according to Coinmarketcap.com.

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