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Gaming Platform Steam Now Accepting Bitcoin

Steam

With no financial risk to Valve in doing so, and a chance to attract even more customers from all over the world thanks to Bitcoin acting as a global payment instrument, this seems to be a very smart decision at an opportune time....

... Previously Rumors started surfacing regarding a possible introduction of Bitcoin to the Steam platform. Gamers from all over the world will be familiar with what Steam has to offer; as it is the largest PC gaming platform in the world today. Code snippets of their new beta client were leaked, and there are various references to Bitcoin to be found. Gaming and digital currency come together once again, as this trend has been going on for quite some time now....

...After whispers, rumors, and leaks that leads to the inevitable inclusion of a global currency for a global marketplace, Valve’s Steam, the biggest PC gaming platform and distributor in the world with some 125 million active users (2015 stats), has now started accepting bitcoin as a mode of payment....

Steam Store in North America

The announcement was made by BitPay, the payment processor who will enable bitcoin payments for Steam. BitPay revealed that Valve, the company operating Steam, approached BitPay to find a seamless payment solution in newer markets with a low credit card penetration, around the world.

BitPay stated:

"Valve reached out to us because they were looking for a fast, international payment method for Steam users in emerging gaming markets in countries like India, China and Brazil. While more users are coming online in these countries, traditional payment options like credit cards often aren’t available."

Bitcoin Steam

It is not the first – nor the last – time the worlds of Bitcoin and gaming will come together to create a new experience. Throughout 2015, various online stores selling game keys and game cards have started accepting the digital currency as an alternative payment method already. On that list are names such as Kinguin, Greenmangaming, and Gamesplanet....

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