On the official website, the Valve executives pointed out that it is no longer possible to purchase content on Steam using Bitcoins. Accordingly, such transactions are now too expensive.
In recent weeks, Bitcoin’s virtual currency has been steadily increasing in price, which in turn has led to a rise in the costs associated with such transactions.
Valve executives said they were responding to developments over the past few weeks and decided to stop accepting Bitcoins as a form of payment on Steam’s own gaming and distribution platform. The reason is not just the rising cost of transactions.
In addition, the bitcoins are subject to strong price fluctuations, which can sometimes make up several hundred euros a day. “The value of Bitcoin has always been volatile, but the measure has increased dramatically in recent months and lost more than 25% in a matter of days, creating a problem for customers who want to buy games with Bitcoin.” so Valve.
And further: “Upon payment on Steam, the customer will transfer a certain amount of Bitcoin for the cost of the game, as well as an additional amount of Bitcoin to settle the transaction fee imposed by the Bitcoin network, the Bitcoin value will only be guaranteed for a short time, and if the transaction was not completed on time, the amount required for payment may change and this amount has increased significantly lately to a point where the discrepancy was enormous. “