Microsoft has rolled out the Fall 2013 Xbox Live Update for the Xbox 360, which now allows you to use local currency rather than Microsoft Points to make purchases. Simply log into Xbox Live and you will automatically be prompted to download the update.
"Today, we’re announcing the release of the Fall (or Spring depending on where you are from) 2013 Xbox Live Update for Xbox 360. It brings several features for Xbox Live members, chief among them the ability to buy content on Xbox 360 using local currency," Microsoft stated in an official blog post.
Those of you who initiate a purchase or redeem a Microsoft Points card via your Xbox 360, Microsoft will add the local currency equivalent into your Microsoft Account. This local currency will be equal or grater than the Xbox Marketplace value of your Microsoft Points. Microsoft will continue accepting purchased Microsoft Points Cards and codes until the company says further.
"As part of the recent Xbox 360 system update, Microsoft Points are being retired, and transactions on Xbox 360 are taking place using your local currency* instead of Microsoft Points, offering you a new, convenient way to purchase exciting Xbox content. This change allows you to use a single Microsoft account to purchase content from your Xbox 360, and apps from the Windows Phone Store for users with a Windows Phone 8!" Microsoft stated in a FAQ. You can learn more about Microsoft Points here.
Aside from the demise of Microsoft Points, this new Xbox 360 update apparently reduces the number of items on your dashboard from five to four. The update has apparently removed the Instant Messenger, along with adjusted the green coloring to a slightly darker shade (a styling associated with the new Xbox One). Grab the update via Xbox Live and let us know in the comments below if you notice anything new or improved.