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Latest Xbox 360 system update replaces your Microsoft Points with cash equivalent

The planned retirement of Microsoft Points has been rolled out with the latest Xbox 360 system update, which is ready to be applied the next time you take your console online. Once the update has been installed, the ability to use Microsoft Points as a payment method are removed from Xbox Live and replaced with local currency prices on all digital purchases. Finally, any Microsoft Points you have are magically transformed into real money denominations.

The following message is displayed the next time you choose to buy something from Xbox Live:

The Xbox stores are now priced in your local currency instead of Microsoft Points.

Your account and everything sold in the Xbox stores will now use your local currency. We’re putting [local currency cash equivalent] in your Microsoft account

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