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xboxliveMicrosoft confirmed earlier this week that it will be shifting away from its Microsoft Points virtual currency for purchasing games and other items on Xbox Live, as transactions will soon take place with your local currency.

But what about the gamers who have Microsoft Points outstanding? What will happen to those points?

Microsoft cleared that up this morning and there’s good news for those who still have Microsoft Points left: You can exchange those points for real currency that may even be worth more than what you paid for them.

Here’s how Microsoft describes the transaction on the Xbox Support website:

When you use your existing Microsoft Points to initiate a purchase or redeem a Points card with your Microsoft account later this year, we’ll deposit into your account an amount of money equal to or greater than the marketplace value of your Microsoft Points, and your Microsoft Points will be retired.

As it is now, 80 Microsoft Points are equal to $1. So take your total number of Microsoft Points, divide it by 80, and that’s how much money — you’ll possibly have more — will be in your Microsoft account when the transition takes place.

Previously on GeekWire: Sony sticks it to Microsoft with $399 Playstation 4, and some wickedly funny jabs 

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