Removing Bitcoin payments from Steam is a smart move by Valve


It was a huge boon to the cryptocurrency community when Valve began accepting payments in Bitcoin on its game distribution platform Steam over a year ago. But this is all coming to an end – at least for the time being. In a blog post from yesterday, the company announced it will no longer support the popular cryptocurrency as a payment method “due to [its] high fees and volatility” in price. While transaction rates used to be as low as 20¢ last year, Valve says the fees topped out at $20 last week. “These fees result in unreasonably high costs…

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Removing Bitcoin payments from Steam is a smart move by Valve