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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.

Source: PCGamesN

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About Nick Plessas

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Nick didn’t start gaming until mid-2006. Once his parents finally allowed a console into the house, it was all uphill from there. Starting out with a PS2, he grew an affinity for Sony consoles and moved on to the PS3, and now the PS4. He keeps his gaming palette wide, but, gun to his head, he’d have to say shooters are his genre of choice. Find him on Twitter @idole808

Valve to start accepting Bitcoin for Steam purchases

To the moon?

By Nick Plessas | 04/22/2016 03:30 PM PT

News

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.

Source: PCGamesN

0   POINTS
0   POINTS



About Nick Plessas

view all posts

Nick didn’t start gaming until mid-2006. Once his parents finally allowed a console into the house, it was all uphill from there. Starting out with a PS2, he grew an affinity for Sony consoles and moved on to the PS3, and now the PS4. He keeps his gaming palette wide, but, gun to his head, he’d have to say shooters are his genre of choice. Find him on Twitter @idole808