Already in the past were leaked rumors that Microsoft was willing to abandon the system of Microsoft Points for the new Xbox, and today The Verge claims to have received further confirmation of this from sources close to the team developing the console. The site explains that Microsoft will adopt a system of "gift cards", some sort of prepaid cards that will add real currency credits to our Xbox Live account.

Of course, the plugin will also directly with credit card, but the Gift Cards will allow anyone who does not have a similar payment system you can buy new credits directly in stores, also this would allow retailers to sell "credits" at discount prices: for example we may find 30 Euro card sold at 25 euros and so on, allowing us to save money compared to buying directly via Xbox Live.

According to the informants, the new system will be adopted by all Microsoft online store: Xbox, Windows, and Windows Phone. It is not clear what will any leftovers in Microsoft Points that users might have before switching to real currency, but it is conceivable that are converted into more or less convenient. According to The Verge, the new system is expected to be announced at E3, so the event may 21. Keep checking back for more updates.