Bitcoin payments coming to Steam

Steam Bitcoin payments have been rumoured for a while and now there’s confirmation via a post made by Valve on the Steam developmer forums.

The update states that Valve will be using an external payment provider to process the payments.

“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.

“You do not need to take any action. If customers choose to pay via Bitcoin, they’ll be charged the price already set in the local currency.”

Valve then goes on to explaining how the process works for developers with the Bitcoin exchange rate.

It is thought that BitPay will be handling the transactions.

Tags: Steam

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