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Filing Taxes Isn’t Scary Anymore: Microsoft Hails Bitcoin in The Office

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2 weeks ago

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Just a couple of days ago, we had shared with you how you could get on the the most valuable crypto-currencies circulating the internet, Bitcoin, in Pakistan. Now, the e-currency has just added another medal to its shelf. In a development welcoming 2017, Microsoft, the software giant, has announced that it will be adding the increasingly popular medium of payment as a support for its products.

Anyone who’s ever used a computer or maybe even an Android phone, is aware of the popular Microsoft product- Microsoft Office. Letting you make everything from presentations to spreadsheets, Microsoft 365 is a pretty complete package.

And speaking of spreadsheets, Microsoft customers will soon be able to manage their bitcoin accounting on Microsoft Excel. This upcoming intended addition has been announced by Martin Butler, an account executive at Microsoft.

Including the Bitcoin support, five new additions have been announced to the 2017 Office 365 lineup:

  • Real-time transcription and translation of Skype Meeting Broadcast;
  • Bitcoin Currency Support;
  • Conditional access policies for locations and apps;
  • New data gathering and shaping capabilities for Excel; and
  • OneNote improvements for classroom and collaboration.

While undoubtedly each one of these improvements deserves our utmost attention, however, right now the Bitcoin feature is the talk of the town; especially in the circles where using bitcoin is a norm for transactions.

According to Butler, as of Excel 2017, the spreadsheet program will be able to recognize and work with numbers expressed in bitcoin currency.

Many experts are hailing this addition to a mainstream program as an acceptance of the crypto-currency medium meaning that many big brands might be utilizing it in the not so distant future.

However, all this is not to say that this is the first time that Microsoft has accepted bitcoin in its operations- in fact, the case stands to be far from it. Microsoft has been accepting bitcoin payments since way back in early 2014. Apart from this, Microsoft’s Azure has been serving blockchain to welcome blockchain applications on board as well. However, this step is being hailed as a positive one across all levels since it has come at a time when filing taxes over the crypto holdings, and complex payment calculations had become a daunting feat. Bitcoin users expect that the software giant shall continue to bring forth more of such innovations in the future.

image: CoinTelegraph

Accountant by Degree. Writer by Profession. Poet by Heart and Stargazer in her head, legend (and by that we mean The Hitchhiker's Guide to The Galaxy) has it that Tania didn't choose writing. Instead, writing took one look at her chubby face when she was just a young girl and smiled with a mouthful of unspoken sentences and took her off on adventures of the pen that are still her happy place when life gets hard for her. Now, all grown up, Tania spends her days doing what she loves: writing, in the hopes that someday, her audience will love her back enough to send multiple cups of chaye her way. You can get in touch with her via the comments section, her email id (If you can find it???) and her Facebook page where she's known, quite simply, as Raggedy Khatoon. Live long and prosper!

PakWired.com is all about business, technology, and the startup culture in Pakistan. If you have an interest in e-commerce, telecommunications, or general business and technological advancements, you’ll love PakWired.

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