Rumor: Microsoft Points on way out

Inside Mobile Apps: MIcrosoft to discontinue its virtual currency system Microsoft Points

Microsoft’s proprietary virtual currency system, Microsoft Points, will be phased out by the end of the year, according to a source with knowledge of the company’s decision. The change will affect developers for Windows Phone, the Zune marketplace and Xbox Live.

By the end of 2012, all transactions will be based on the region set on the purchasing account and real money will be used to purchase all Windows Phone content. The move puts the Windows Phone Marketplace in line with the purchasing practices used in the App Store and the Android Market.

Let’s hope so. I could do without MS points (also known as “space bucks”) being sold in 400 points / $5 increments.

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