Microsoft changes from Microsoft Points to local currency in today’s Xbox 360 update

 
Microsoft has confirmed that it will be switching to local currency on the Xbox 360 later today and through the Xbox One consoles. The company called the plan “direct result of customer feedback.” Microsof also confirmed that, “After the next Xbox 360 system update, when you go to buy something or redeem a Microsoft Points card or code on your console with your Microsoft account, we’ll add to your account an amount of currency equal to or greater than the Xbox Marketplace value of your Microsoft Points, which will be retired.”
 
After the update and moving forward customer, “will still be able to directly purchase content from Xbox stores using any current form of payment available in your region, including credit cards” according to company. In late 2013, customers will be able to buy new Xbox Gift Cards (denominated in your local currency).
 
If you are worried about your points, don’t be, Microsoft stated, “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. 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.”