Steam is dropping support for Bitcoin payments

The online gaming community "Steam" has announced today in a blog post that is dropping support for Bitcoin payments. Steam are blaming higher transaction fees for the reason.

For example, transaction fees that are charged to the customer by the Bitcoin network have skyrocketed this year, topping out at close to $20 a transaction last week (compared to roughly $0.20 when we initially enabled Bitcoin). Unfortunately, Valve has no control over the amount of the fee. 

At the time of writing this the price of one bitcoin is currently worth $16,957.13 usd on CoinDorks.

1 Bitcoin is currently worth $16,957.13 usd https://t.co/VxNPvfBNI1

— CoinDorks (@bitcoindorks) December 7, 2017

Citing volatile value, Steam drops Bitcoin support https://t.co/NL1zjDUkSo pic.twitter.com/VJ7vq6Mp1w

— Gamasutra (@gamasutra) December 7, 2017

One of the world's biggest video game services, Steam, has stopped accepting bitcoin because it's so volatile https://t.co/BlYeERkZ5t pic.twitter.com/Ct2gw332YS

— Business Insider (@businessinsider) December 7, 2017

Breaking News - Steam Stops #Bitcoin Transactions becuase of $20 plus fees. The answer is #DGB @DigiByteCoin @jaredctate #Digibyte https://t.co/qS2j6UZWnB #Retweet @steam_games

— CryptoLife (@CryptoLife1) December 7, 2017