Steam announced today that it will no longer accept Bitcoin, an invisible currency we never knew it had accepted, anyway. Citing Bitcoin’s volatility and increasing processing fees, Steam says Bitcoin is no longer tenable for them as a payment option. Isn’t this the kind of thing it was made for in the first place?

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Senior reporter at Kotaku.

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DISCUSSION

When Valve, an insanely greedy but data driven company is backing out of Bitcoin, something is up. It may just be heat of the moment but something tells me they see some hard numbers/projections and don’t like the look of it.(plus government bodies from various countries stepping)