Xbox Live updated to accept real money

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This morning's Xbox Live update finally converts all Microsoft Points ("space bucks") to the real currency of the user's particular region. The conversion in the United States appears to be in-line with the standard point conversion rate of $1 = 80 MS points.

The system appears to round up to the nearest quarter dollar in real currency during the update. For example, I had 3630 points, which converted would be $45.38. It was rounded up to $45.50 in the transition.

Microsoft announced the real money change-up during its E3 press conference. The company has also posted a currency transition FAQ.
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Xbox Live Real Currency Conversion

This article was originally published on Joystiq.