Microsoft today announced the next Xbox 360 update will feature local currency. That’s right: Microsoft Points are finally going away.
The move has been a long time coming. While gamers have been hoping for the move for months, if not years, Microsoft finally confirmed the change during its E3 press conference in June, more than seven years after the console launched.
“This change was a direct result of customer feedback,” Marc Whitten, Microsoft’s Chief Product Officer for Xbox, said in a statement. “You told us you want to be able to buy things using money instead of points, and we listened.”
Yet the company wouldn’t say when exactly local currency options would arrive, and technically it still hasn’t. All we know is that whenever you update your Xbox 360 next, Microsoft Points will be gone.
The transition will work as follows. After the update, when you go to buy something or want to redeem Microsoft Points with your Microsoft account, Microsoft will add to your account an amount of currency “equal to or greater than the Xbox Marketplace value of your Microsoft Points.”
Xbox One consoles will of course ship with local currency out-of-the-box.