Video Game News: Bitcoin support coming to Steam

Published April 22, 2016

The Steam Development Group on Steam has announced that BITCOIN support would be coming to Steam very soon.

“We are excited to announce that Steam is going to start accepting payments via bitcoin,” reads the announcement (via PCGamesN). “We’re using an external payment provider to process Bitcoin payments to help partners reach more customers on Steam.

“Bitcoin is becoming an increasingly popular online payment method in some countries, and we’re enabling a system that insulates partners from risk and volatility while still providing value to the end customer.”

Steam will charge the user based on the current value of Bitcoin in their region – so it’s not an exciting new way for Australians, for example, to bypass common region-specific cost increases. For developers and publishers, no action is required: they’ll continue to set their prices according to whichever currency they prefer, and Steam’s external payment provider will operate the currency conversion automatically.

Meanwhile, the external payment provider will also convert the Bitcoin back to local currency on Valve’s end. “At no time does Valve receive or hold Bitcoin,” the announcement insists.

Are you excited about this? Got some crypto currency burning a hole in your digital pocket? Let us know in the comments below.

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Uberutang

Gaming / Tech Author at Geek Node

When I asked my mom where I was from she said they caught a wild ape and shaved it… she weren’t joking.

This primate has an unhealthy obsession with all things tech and pc gaming and when not in front of his Battlestation he can be found roaming the Cape wildlands with his motorcycle.