Microsoft is aiming to finally remove Microsoft Points with its upcoming system update for the Xbox 360.
The company is beginning to send out emails to let Xbox Live users know of the impending change. Those who have MS Points on their accounts, will see them converted to actual currency, though those converted funds will expire on June 1, 2015.
Outside of the change to real currency, not much will actually change, other than being able to finally see how much you’re really spending for online content.
Microsoft also has a full FAQ page on their website regarding the change to currency.