Next Xbox 360 update will add local currency

The days of Microsoft Points are numbered. Microsoft chief product officer Marc Whitten explained in an Xbox Wire blog post today that the controversial currency system will be replaced by local currency on Xbox 360 via the next system update.

Microsoft points have been in place since the inception of Xbox Live and have not been without criticism. Rather than using real-world currency, Microsoft has adopted its own system, where 400 Microsoft points is equivalent to $5. Further, Microsoft sells point packs only in multiples of 400, often leaving gamers with excess points after purchasing content they want.