Earlier this year at E3 Microsoft announced that they’ll be retiring the Microsoft Points system for the Xbox One and will be introducing real currency in it’s place. Microsoft have now also announced that it’ll be coming to the Xbox 360 too as a recent update on the Xbox Wire announced that in the next Dashboard update, Microsoft Points will be no more.
For those of us in the Xbox 360 Dashboard Beta program the next dashboard update will finally convert Microsoft Points into real cash, GBP in our case, but for those elsewhere it’ll convert to your local currency. Even the existing points on our account will be converted too so we’ll finally know the value of that 20MS Point balance you’ve been itching to get rid of for years.
This also applies to Microsoft Points cards which will automatically be converted to your local currency when the code is added to your account. This also means that you’ll finally be able to buy things at it’s actual price rather than adding more points than necessary in order to get that DLC you’ve been craving.
Our goal is to make this transition as easy as possible for you. After the next Xbox 360 system update, when you go to buy something or redeem a Microsoft Points card or code 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.
The official update for those not included in the Dashboard beta is scheduled to launch this fall, most likely around the November launch date of the Xbox One.