Is Valve About to Add Bitcoin Payments to Steam?

In terms of companies hopping on the cryptocurrency bandwagon, Valve would be a big one.

After all, a host of third party businesses that let people buy games for Bitcoin have popped up around Valve’s cloud-based gaming platform Steam. One business claims to process hundreds of Bitcoin transactions per week for in-game skins for Steam games, with one transaction totaling $25,000. Another claimed in a Reddit comment to have done more than $1 million in Bitcoin business on Steam.

Now, it looks like Valve may be gearing up to implement Bitcoin payments on its Steam service, likely taking a chunk of business away from these third party operations. According to a Reddit post, a user found numerous text references (or “strings”) to Bitcoin payments through payment service BitPay on the Steam Translation Server, where vetted users volunteer to translate Steam updates into different languages.

Valve did not respond to Motherboard’s request for comment, and a BitPay representative wrote back in an email, “We don’t comment on internet rumors, so I’m afraid I can’t help you here.” BitPay did not respond to follow-up emails.

According to a representative from SteamDB, a third party organization

Read more ... source: TheBitcoinNews