The so-called ‘currency of the internet,’ Bitcoin is adding Steam and Valve to the growing list of platforms and companies that accept the virtual currency.
Announcing the new partnership, BitPay explains, “Valve reached out to us because they were looking for a fast, international payment method for Steam users in emerging gaming markets in countries like India, China, and Brazil. While more users are coming online in these countries, traditional payment options like credit cards often aren’t available.”
Continuing, “As the internet’s universal currency, Bitcoin will allow Steam to easily reach gamers in every market around the world – without the high fees or the risk of chargeback fraud that come with card payments.”
First coming onto the scene in 2009, Bitcoin is a currency with exchange rates like any other, but exists independently of any central, national bank. Looking to offer secure and anonymous transactions, the currency is made to be ideal for online interactions.
“Bitcoin has a bright future in gaming. We look forward to partnering with more gaming platforms to make Bitcoin the most popular payment method for the world’s gamers,” BitPlay says.
Will you be loading up your Steam wallet with Bitcoin? Let us know in the comments.