We all know that Microsoft has been a long-time supporter of Bitcoin [BTC] and now it has added the leading Cryptocurrency Bitcoin’s symbol as a currency option to the Microsoft Office Excel program’s list of currencies.
A Reddit user discovered the option and posted an update on the r/Bitcoin subreddit. Later, a Twitter user posted a screenshot of the spreadsheet that clearly displays the Bitcoin symbol under currencies list.
New currency options in Microsoft excel pic.twitter.com/nqjUcKGqzL
— Dennis Parker⚡️ (@Xentagz) May 27, 2019
Adding Bitcoin to one of its programs is directly related to Microsoft’s approach to Bitcoin. The move is an indication that the tech giant sees potential in Bitcoin and consider it as a special currency. Strangely, there is no image of any other digital currency apart from Bitcoin.
However, we cannot say how far the news is correct, but some users tagged the news as confirmed by commenting on the post.
Microsoft’s Bitcoin backing is reliable with the adoption of many years ago on the grounds that Microsoft began accepting BTC payments for the first time in 2014. It is believed that Microsoft has picked Bitcoin since it trusts that the BTC Blockchain is the most secure and least vulnerable to hacks and has the potential to stay in the market for a longer time as compared to other Cryptocurrencies.
In Jan 2017, Martin Butler, Account Executive, Globals at Microsoft, wrote in his LinkedIn article that
In 2017, Excel will be able to recognize, format, calculate, and analyze numbers expressed in Bitcoin currency. The new feature will be available for Excel running under Windows 10, Android, Mac OS, and iOS, and will include Excel Mobile versions as well.
It seems like the addition of the Bitcoin symbol in MS Excel is the part of the update mentioned by Martin Butler.
Microsoft has a strategic interest in cryptocurrencies for quite a long time, and it is rapidly exploring the ways of its mainstream adoption. Microsoft also recently announced that it is building a decentralized identity solution on the Bitcoin Blockchain, this shows that Bitcoin is no longer an asset that can be ignored by corporate giants.