Steam no longer accepting Bitcoin as payment, because it's too volatile

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The rise and rise of Bitcoin might make some people richer, but it’s been a headache for companies that accept it.

Steam, the gaming digital distribution service owned by Valve, will no longer take Bitcoin as a form of payment. 

In a blog post on Wednesday, Valve explained the decision was made due to the “high fees and volatility” in the value of the cryptocurrency in recent months. 

According to the company, transaction fees that were 20 cents when they first enabled the cryptocurrency in April 2016 have skyrocketed to as much as $20. Read more…

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