Steam Stops Accepting Bitcoin Payments Citing Extreme Volatility, Fees

in #bitcoin7 years ago

Today, Valve announced that the Steam gaming platform will no longer accept Bitcoin payments due to high fees and incredible volatility. Valve says transaction fees, which are passed on to the company by Bitcoin payment processor Bitpay, surpassed $20 last week.

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Transaction fees were only 20 cents last spring when Valve began accepting the digital currency for payment.