An Interest In:
Web News this Week
- April 19, 2024
- April 18, 2024
- April 17, 2024
- April 16, 2024
- April 15, 2024
- April 14, 2024
- April 13, 2024
December 7, 2017 05:50 am GMT
Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/EMtpmyYiUXQ/
Steam no longer accepting Bitcoin as payment, because it's too volatile
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.
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...
More about Gaming, Bitcoin, Steam, Valve, and Valve CorporationOriginal Link: http://feeds.mashable.com/~r/mashable/tech/~3/EMtpmyYiUXQ/
Share this article:
Tweet
View Full Article
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable