Steam now accepts bitcoin

The rate of stories ending “now accepts bitcoin” has slowed down from the pace it was at a couple years ago, but this one’s a big one. Get out your internet wallets, because Steam now accepts bitcoin.

Bitcoin service Bitpay has announced that it has partnered with Steam to allow users to pay using the cryptocurrency.

“Valve reached out to us because they were looking for a fast, international payment method for emerging gaming markets in countries like India, China, and Brazil,” wrote Bitpay business director Rory Desmond.

“While more users are coming online in these countries, traditional payment options like credit cards often aren’t available. As the internet’s universal currency, bitcoin will allow Steam to easily reach gamers in every market around the world – without the high fees or risk of chargeback fraud that come with card payments.”

More ways to legitimately purchase games in markets where it hasn’t been possible is only going to be a good thing, so this is a positive step forward for Steam that will hopefully bite that much further into piracy, even if only a little.

Read more ... source: TheBitcoinNews