Microsoft has released the autumn Xbox 360 dashboard update, which introduces Xbox Live's switch to real-world currency.
Switching on your Xbox will trigger the prompt to update, after which Microsoft Points will be replaced by prices in your local currency.
As Microsoft clarifies, "When you go to initiate a purchase or redeem a Microsoft Points card through your Xbox 360, we'll add to your Microsoft account an amount of currency equal to or greater than the Xbox Marketplace value of your Microsoft Points."
It adds, "We'll also continue to accept purchased Microsoft Points Cards and codes until further notice."
The company has previously confirmed plans to release new 'Xbox Gift Cards' available in your local currency through online retailers and in local retail stores.
Microsoft has also announced that Xbox Live Gold Family Packs will be phased out, with each participant receiving their own account. In addition, each new individual membership will be granted a bonus three months.
According to official PR, the transition will occur as early as August 27, and that each of a family's individual memberships will inherit the remaining Gold time on their Gold Family Pack account.