UPDATE: Following the confirmation by BitPay, it has become clear that Steam is accepting Bitcoin payments.
Rumors have started surfacing regarding a possible introduction of Bitcoin to the Steam platform. Gamers from all over the world will be familiar with what Steam has to offer; as it is the largest PC gaming platform in the world today. Code snippets of their new beta client were leaked, and there are various references to Bitcoin to be found. Gaming and digital currency come together once again, as this trend has been going on for quite some time now.
Also read: Bitcoin Lending Platform Loanbase Loses Customers’ Funds after Security Breach Steam Integrates Bitcoin Payments Through BitPay
Based on the information provided in a screenshot of the Steam beta client code, Bitcoin integration is almost upon us. With various new functions added to the client regarding Bitcoin transactions, it only seems to be a matter of time until one of the world’s largest gaming platform embraces digital currency as a viable payment alternative.
Furthermore, it appears as if all of the Bitcoin transactions will be handled by BitPay , the world’s leading digital currency payment processor. This will help Steam receive their money faster and protect them from any Bitcoin volatility in the process. Plus, this move is also a major feather in the cap for BitPay, as the payment processor has undergone several changes over the past six months.
It only makes sense to integrate Bitcoin payments into the Steam platform. With no risk of fraud, there is far less worry about these payments compared to credit cards. Also, Bitcoin transaction fees are paid by the sender, and not the recipient, which makes for a far cheaper payment alternative for Valve – the parent company of Steam – itself.
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