Steam no longer accepting Bitcoin as payment, because it's too volatile

Channel:
Tech House
Subscribers:
957
Published on ● Video Link: https://www.youtube.com/watch?v=hSZOexSNDHg


Duration: 2:30
11 views
0

Steam no longer accepting Bitcoin as payment, because it's too volatile.
The rise and rise of Bitcoin might make some people richer, but it's been a headache for companies that accept it.

Steam, the gaming digital distribution service owned by Valve, will no longer take Bitcoin as a form of payment. 

SEE ALSO: This was Bitcoin's big year, but where does it go from here?

In a blog post on Wednesday, Valve explained the decision was made due to the "high fees and volatility" in the value of the cryptocurrency in recent months.



Other Videos By Tech House


2017-12-07The company that makes chips for top Android phones announced its new model – here's what
2017-12-07Lyft is now offering rides in self driving cars in a major US city
2017-12-07SingularityNET talks collaborative AI as its token sale hits 400% oversubscr iption
2017-12-07Raspberry Pi clone Libre Renegade $35 gets you Android, USB 3 0 and 4K video
2017-12-07Tech industry players are moving to Portugal Here’s why you should take notice
2017-12-07What's the hottest area in robotics Platforms that can help chip away at Amazon's lead
2017-12-07Removing Bitcoin payments from Steam is a smart move by Valve
2017-12-07Doppelgänging How to circumvent s ecurity products to execute code on Windows
2017-12-07Chinese bike sharing sharing startup Ofo has reportedly raised $1 billion
2017-12-07Apple's most downloaded apps of 2017
2017-12-06Steam no longer accepting Bitcoin as payment, because it's too volatile
2017-12-068 reasons Finland's education system puts the US model to shame
2017-12-06Wikipedia co founder wants to put the world’s knowledge on the blockchain
2017-12-06Foxtel Fox Sports merger unopposed by regulator
2017-12-06Apple loses ground to Android in a few key markets AAPL, GOOGL, GOOG
2017-12-06Brazilian driving licenses to adopt chip and pin card model
2017-12-06Victorian Supreme Court to undergo technology overhaul
2017-12-06This attachment can get your car out of a tricky situation
2017-12-06Broadcom, Okta report strong quarters
2017-12-06Kubernetes cofounder launches programming library to simplify cloud native development
2017-12-06Steam dumps Bitcoin on back of high transaction fees and volatility


Tags:
Steam
no
longer
accepting
Bitcoin
as
payment
because
it's
too
volatile
Steam no longer accepting Bitcoin as payment
because it's too volatile