At long last, Microsoft finally switched from Microsoft Points to real currency today. The switch is happening in all Xbox Live regions and will automatically convert any existing balance or newly-entered Points card into your local currency.

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The Xbox Live Marketplace now lists all prices in local currency instead of points as well, and Microsoft reports on its official site that all Points converted to currency will be valid until June 1, 2015 (but “the currency you purchase and add to your account after the transition will not expire”).You can watch the video below for a quick walkthrough, or find more info in Microsoft’s FAQ

Andrew Goldfarb is IGN’s news editor. Keep up with pictures of the latest food he’s been eating by following @garfep on Twitter or garfep on IGN.