Steam scared and abandons cryptocurrency

Bitcoin is no longer a payment option on Valve's Steam platform. This possibility had appeared in the second quarter of 2016.

SteamThe Steam team now believes it has become " unreasonable "to accept bitcoin as a means of payment. The door is not however completely closed in the future. If cryptocurrency finds a little more stability …

For Valve, the high volatility of the value of bitcoin and the "high instability in recent months", as well as " problems with high processing costs "were too many.

Valve says in particular that fees reached $ 20 per transaction last week, compared to $ 0.20 when this payment option was activated.

The Steam team publishes a blog post to justify and explain their decision. Today, the price of bitcoin has for the first time crossed the $ 15,000 mark (Bloomberg). A speculative bubble?