In the spring of 2016, the famous video game platform Steam decided to accept bitcoin as a payment method. That made a lot of noise, except that finally, the video game platform backed up and withdrew the payment in bitcoins.
Steam x Bitcoin: game over!
This is indeed one of the bad news of this week as much on the planet of video games as on the cryptocurrency market, two sectors that began to associate lately. Steam has decided to no longer accept the purchase of bitcoin video games on its platform, to the chagrin of gamers possessing digital wallet. The leader in selling online games has held herself to announce the news:
"Starting today, Steam will no longer support bitcoin as a payment method on our platform. "
What are the reasons ?
To justify this rather unexpected decision, Steam mentioned "high fees" and "the volatility of bitcoin". Remember that in the beginning, players had to pay $ 0.20 more for the purchase of a game on the platform because of network fees. But the transaction fees climbed little by little until reaching 20 dollars, which became quite expensive for the players.
Slow transaction was also a factor that caused Steam to withdraw Bitcoin from payment solutions. Slow transaction and high volatility, these are two points that help move Bitcoin away from being an exchange intermediary.
Opinions shared about this decision
Many users have praised their favorite gaming platform for making this decision. Some of them still demanded the adoption of an alternative currency such as Litecoin or Vertcoin.
Others are still disappointed at not being able to pay in bitcoins, like a user known as "Kaj Jez" and who says "extremely disappointed". The latter explains:
"The first purchase I made with bitcoin was on Steam. I hope Bitcoin will improve and find solutions to its scalability problems. "
As for Steam, although it decided to put an end to payment via bitcoin, it did not rule out the possibility of one day reinstating digital currency among the payment options. But still to know when ...
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@steem-untalent
Bitcoin is shit for payments. $10 per transaction and 2 days to settle is pathetic
yes it's true there is a problem. because there is a big nobre of exchange