Microsoft Points have now been changed to real-world currency. Hooray!
You can now wave goodbye to Microsoft Points and proceed to give it the finger. As promised, Microsoft’s virtual currency has finally been changed to real-world money.
After downloading an update, any remaining Microsoft Points in your account will be converted to your local currency. When I tried to buy something on Xbox Live, a few messages popped up informing me of the currency change and the 400 Microsoft Points that I had in my account was turned into $5.00.
According to Microsoft’s FAQ page, currency that’s been converted will expire on June 1, 2015, but any unredeemed Microsoft Points cards or codes that have been acquired prior to the currency transition will still be redeemable “until further notice.”
Now that Microsoft Points are dead, you can expect some changes to Xbox Live Rewards. Details of the new program will be announced next week on Sept. 1.