Microsoft has released the Xbox 360 update which introduces Xbox Live’s switch from Microsoft Points to real-world currency.
“When you go to initiate a purchase or redeem a Microsoft Points card through your Xbox 360, we’ll add to you Microsoft account an amount of currency equal to or greater than the Xbox Marketplace value of your Microsoft Points,” Microsoft clarifies, in part.
“We’ll also continue to accept purchased Microsoft Points Cards and Codes until further notice.”
(via CVG)