Steam no longer accepting Bitcoin as payment, because it's too volatile
 

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?


In a blog post on Wednesday, 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...

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