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Xbox Marketplace Transitioning from MS Points to Local Currency ‘Late 2013′

Posted on August 9, 2013 AT 04:07pm

The Xbox Marketplace will transition from using Microsoft Points to real-world currency in the next Xbox 360 system update, chief product officer Marc Whitten announced in a post on Xbox Wire.

According to Whitten, the next Xbox 360 system update will come “late 2013″—no doubt alongside the launch of the Xbox One in November.

As for existing Microsoft Points cards and Microsoft Points balances?

“We’ll continue to accept purchased Microsoft Points cards and codes until further notice, and we’ll add to your account an amount of local currency equal to or greater than the Marketplace value of those points,” Whitten wrote. “In addition, we know you’ve worked hard on your Microsoft Points earned through Xbox Live Rewards. These will remain in your Xbox Live account and transition to local currency with the rest of your Microsoft Points.”

Beta testing for the system update began in July.

Source: Xbox Wire

Chris Holzworth, News Editor
Chris Holzworth has wanted to write about games all his life. He first cut his teeth writing for enthusiast sites such as RPGFan, and after writing for just about every other enthusiast website he could came across, wound up as EGM's east coast news correspondent (read: editorial intern) before relocating to LA to serve as news editor. You can follow his rants about storytelling on Twitter @manadrive.[Meet the rest of the crew]

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