Bitcoin price surge leads Steam to stop taking it as payment

Steam is no longer accepting bitcoin as a payment method, game company and distributor Valve announced today. The company is attributing its decision to cryptocurrency’s “high fees and volatility.” In a blog post, Valve explained that bitcoin transaction fees have gone up to nearly $20 per transaction last week, “compared to roughly $0.20 when we initially enabled Bitcoin.” Those fees then have to be shouldered by gamers making purchases on Steam, and the total cost to consumers could be even higher if the value of bitcoin dips in the meantime. Even if the value of bitcoin were to go up while the user completes the transaction, and Steam has to refund the difference to the user, the transaction fee must be paid by the user again for the... Continue reading…

Bitcoin price surge leads Steam to stop taking it as payment

The cryptocurrency was intended to replace cash, but now can't be used to buy things on one of the internet's biggest shops

Thu 7 Dec 17 from The Independent

Valve Will No Longer Accept Bitcoin as Payment for Games on Steam

Bitcoin's price is headed through the roof, but Valve has had enough. The PC gaming giant is suspending Bitcoin payments on Steam and will no longer accept the cryptocurrency. The post Valve ...

Thu 7 Dec 17 from Extremetech

Steam stops accepting payments in bitcoins

The currency is currently too "volatile" to be a good option for customers, the gaming service says.

Thu 7 Dec 17 from BBC Technology

Steam ends support for Bitcoin due to high fees, volatility - CNET

Valve's decision comes as the cryptocurrency notches another milestone, passing $13,000 for the first time.

Wed 6 Dec 17 from CNET

Steam no longer accepts bitcoin for game purchases

Have you been stockpiling bitcoin to go on a Steam shopping spree? You'll need to change your plans. Valve has stopped accepting bitcoin due to a combination of high transaction ...

Wed 6 Dec 17 from Engadget

Steam suspends Bitcoin support due to high fees

As of today, Steam will no longer support Bitcoin as a payment option. Due to the constantly rising and falling of value and ever-increasing transaction fees, users will no longer be able to ...

Wed 6 Dec 17 from Techspot

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