Back in June, we brought to your attention that the current system of Microsoft Points will be phased out
for both Xbox 360 and Xbox One as a direct result of customer feedback. This unsurprisingly created lot of debate as to whether this would be a good or bad thing. Either way, it's coming and the transition is actually not that far off.
Chief Product Officer, Marc Whitten, has provided some new information on the matter and stresses that Microsoft's goal is to make this transition as easy as possible for everyone. He has stated that after the next Xbox 360 system update (whenever that will be), once you go to buy something or redeem a Microsoft Points card or code on your console with your Microsoft account, an amount of local currency equal to or greater than the value of Microsoft Points you currently have will be added to your account. Henceforth, Microsoft Points will be no more.
So it looks like purchases will be made even easier this time around! Whitten has also made clear that item prices will be shown in local currency so there will be no need to calculate item costs like you have been doing with the the Microsoft Points system. Purchasing content directly from Xbox stores will also still be available with any current form of payment in your region, including credit cards. Once the rollout starts later this year, Xbox Gift Cards will become available through Microsoft's online retailers and in your local retail stores. The point of these cards is to provide another easy-to-use payment method for customers. Call it the new Microsoft Points Card, if you will.
Speaking of Microsoft Points Cards, they haven't been forgotten either. Microsoft will continue to accept Microsoft Points Cards and codes until further notice, and as mentioned before, an amount of local currency equal to or greater than the value of those points on the marketplace will be added to your account. In addition to that, Microsoft Points that have been earned through the Xbox Live Rewards program will remain in your Xbox LIVE account and will be transitioned into local currency with the rest of your Microsoft Points. It looks like Microsoft have remembered everything!
Microsoft are very excited about this new change (along with a certain something also coming later this year...) as it is a decision solely based on customer feedback, so hopefully it will make the marketplace, the community, and gaming itself, a better (and easier on our money) place.