Cryptoverse Rediscovers Bitcoin in Excel

The cryptoverse who was swept by the news of Vegan coin after 5 months of the old game of Thrones, this time is buzzing as several posts on Reddit and Twitter show Bitcoin among available currency options in Excel, a spreadsheet developed by tech giant Microsoft. Crypto community has really proved that “everything new is actually well-forgotten old” once more.

New currency options in Microsoft Excel

What this new innovation means is that users of the popular spreadsheet can add and use the Bitcoin symbol to record or account financial data. Since Microsoft developed Excel for Windows, macOS, Android, and iOS, it then means that this option is available to everybody using a computer or a phone.
Though, It’s likely that this option has been available since 2017, as an update to the Office 2016, as it was meant to be included in future versions as well. It seems Microsoft had been working on it for some time. As a matter of fact, three entries were published on October 12th, 2016 in the Office 365 roadmap where the company announced the upcoming new feature, stating: “you can now use Excel to track, calculate and analyze Bitcoin data using native Bitcoin number formatting options“.

It’s not really news though as the feature was first being rolled out to Excel 2016 for Windows, Excel Online, Excel Mobile for Windows and Excel Mobile for Android.”
New features were just being rolled out as updates from Office 365 roadmap listing all things Microsoft’s developers have been doing on for the Office 365 suit. when the reports first came out about the support for the Bitcoin currency format in 2016, the feature was marked under “In development”, which means that it was to be tested first and rolled out soon after, which may likely be sometime in the first half of 2017.

In any case, many people found that the inclusion of Bitcoin in Excel is important for two reasons:

Abstract data on the screen.

First the presence of more cryptocurrency and crypto community in mainstream software.

Second, it has to do with the number of people to whom this is now available, including those of them who regularly use Excel, many are likely not acquainted with digital assets, or if they’ve heard of it, it’s more likely they do not trust it, particularly in the older demographics.

This step by Microsoft may bring familiarity with Bitcoin, and perhaps spark some interest to research what it is as they are bound to come across it often while on excel package or generally using computer or Android phone. If nothing else, more people will get used to seeing it thereby increasing knowledge and integration into cryptocurrency.

Meanwhile, Microsoft announced that they will be launching ION(Identity Overlay Network), a decentralized, public infrastructure which runs right atop the Bitcoin blockchain, enabling tens-of-thousands of operations per second, this announcement was made just 2 weeks ago.

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Credits: Sead Fadilpašić

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