If you’ve got a stash of Bitcoins handy, you’ll soon be able to cash them in for Steam games.
Screenshots posted to both Steam and Bitcoin subreddits apparently show a post Valve made to the private Steamworks Development Steam group announcing plans to accept the digital currency for all purchases.
“We are excited to announce that Steam is going to start accepting payments via bitcoin,” reads the screenshot, attributed to Valve’s Kurtis Chinn. “We’re using an external payment provider to process bitcoin payments to help partners reach more customers on Steam. Bitcoin is becoming an increasingly popular online payment method in some countries, and we?re enabling a system that insulates partners from risk and volatility while still providing value to the end customer.”
According to the post, developers to not need to take responsibility for adjusting to the change. Transactions will operate by charging customers the current price of the game, based on region, before the currency is converted by a third-party into Bitcoin based on the daily exchange rate. That third-party then proceeds to pay Steam in standard currency.
Valve claims it will never receive or hold Bitcoin. There is currently no date announced for when Valve’s Bitcoin support commences.