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12-07-2017, 08:20 PM
Steam no longer accepting Bitcoin as payment, because it's too volatile
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The rise and rise of Bitcoin might make some people richer, but it's been a headache for companies that accept it.
Steam, the gaming digital distribution service owned by Valve, will no longer take Bitcoin as a form of payment.*
SEE ALSO: This was Bitcoin's big year, but where does it go from here? (http://mashable.com/2017/12/05/bitcoin-2018/)
In a blog post on Wednesday (http://steamcommunity.com/games/593110/announcements/detail/1464096684955433613), Valve explained the decision was made due to the "high fees and volatility" in the value of the cryptocurrency in recent months.*
According to the company, transaction fees that were 20 cents when they first enabled the cryptocurrency in April 2016 have skyrocketed to as much as $20. Read more... (http://mashable.com/2017/12/07/bitcoin-steam-payment-end/)
More about Gaming (http://mashable.com/gaming/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Steam (http://mashable.com/category/steam/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Valve (http://mashable.com/category/valve/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Valve Corporation (http://mashable.com/category/valve-corporation/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/EMtpmyYiUXQ
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The rise and rise of Bitcoin might make some people richer, but it's been a headache for companies that accept it.
Steam, the gaming digital distribution service owned by Valve, will no longer take Bitcoin as a form of payment.*
SEE ALSO: This was Bitcoin's big year, but where does it go from here? (http://mashable.com/2017/12/05/bitcoin-2018/)
In a blog post on Wednesday (http://steamcommunity.com/games/593110/announcements/detail/1464096684955433613), Valve explained the decision was made due to the "high fees and volatility" in the value of the cryptocurrency in recent months.*
According to the company, transaction fees that were 20 cents when they first enabled the cryptocurrency in April 2016 have skyrocketed to as much as $20. Read more... (http://mashable.com/2017/12/07/bitcoin-steam-payment-end/)
More about Gaming (http://mashable.com/gaming/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Steam (http://mashable.com/category/steam/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Valve (http://mashable.com/category/valve/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Valve Corporation (http://mashable.com/category/valve-corporation/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/EMtpmyYiUXQ