Valve tells devs bitcoin payments are inbound to Steam

bitcoin future exchanges coming soon bitcoins
Steve Garfield/Flickr
Valve has announced that preparations are being made for bitcoin to be accepted as a payment method on its Steam storefront. The system will use an external payment provider, likely the Atlanta-based BitPay Inc., which is considered to be one of the biggest bitcoin payment processors in the world.

The announcement was made via a post to Steam’s private developer forms, which was then shared publicly on Reddit. The text refers to bitcoin as an “increasingly popular online payment method” and notes the company’s perspective that the payment method “makes Steam an even better place to buy or sell games.”

While developers are being made aware of the new options, they won’t have to do anything to help facilitate the process, according to a report from Tech Spot. Any fluctuations of the value of bitcoin compared to the various geographic currencies in use on Steam will be taken into account by the purchase process.

Users will be charged the purchase price of their content according to their region, which is then converted to bitcoin at checkout. The funds are then transferred to the payment provider, who will convert the bitcoin back to local currency using the latest exchange rates and pay that money back to Valve. At no point will Valve receive or hold bitcoin.

Bitcoin was invented back in 2008, and has since been adopted as a payment method by various online services and retailers. Last month, the fact that Microsoft appeared to end its acceptance of bitcoin payments on its online store was seen as a statement on the currency’s popularity — but the company soon made an about-face and confirmed that it would continue to accept bitcoin.

Valve hasn’t put a time frame on when users can expect to see bitcoin payments go live on the Steam storefront, but all signs point toward the change coming sooner rather than later.

Gaming

Razer Game Store to shut down at end of February, less than a year after opening

The Razer Game Store will shut down on February 28, less than a year after it opened. Games purchased from the digital store will continue to work, but purchased keys will need to be used before its closure.
Gaming

You're never too broke to enjoy the best free-to-play games

Believe it or not, free-to-play games have evolved into engaging, enjoyable experiences. Here are a few of our favorites that you can play right now, including Warframe and the perennially popular League of Legends.
Gaming

Wage war on a budget with these fun and free first-person shooters

We all know about Halo and Call of Duty by now, but what about quality titles that won't cost you upward of $60? Check out our picks for the best free first-person shooter games from Paladins to Quake Champions.
Computing

Think crypto’s dead? JPMorgan to offer first cryptocurrency backed by a U.S. bank

J.P. Morgan Chase is making history by rolling out a trial, over the next few months, of the first cryptocurrency, dubbed JPM Coin, which is backed by a large United States bank.
Gaming

Kingdom Hearts 3 on Nintendo Switch reportedly never going to happen

Kingdom Hearts 3 for the Nintendo Switch will likely not happen, according to Game Informer's senior editor, Imran Khan. Square Enix is reportedly considering an alternative in bringing the franchise to the console.
Gaming

This list of PlayStation 4 exclusives puts its competitors to shame

The PlayStation 4's game library and incredible selection of exclusive games could make anyone with an Xbox One or Nintendo Switch think twice. Here's our list of the latest and greatest PS4 exclusives.
Gaming

Apex Legends dataminers discover upcoming characters and weapons

Dataminers have discovered code in Apex Legends that refers to characters named Octane and Wattson, and weapons named the Havoc Rifle and the L-Star EMG. Octane is believed to have a Stim Pack ability, while Wattson has the Tesla Trap.
Gaming

Bayonetta 3 still in the works, set to launch on Nintendo Switch this year

Bayonetta 3 was notably absent from the latest Nintendo Direct presentation, raising concerns that the game will be delayed. A Nintendo executive clarified that the Nintendo Switch exclusive remains on track for a 2019 release.
Gaming

Over 16,000 Apex Legends cheaters have already been banned by Respawn

Respawn Entertainment revealed that it has already banned over 16,000 cheaters in Apex Legends in the less than two weeks since its release. The developer may be working on an in-game feature to report cheaters.
Gaming

Get the most life out of your Xbox One controller with these tips

The Xbox One controller has fantastic battery life, but eventually your batteries will still die. To make it even better and ensure you never have to stop gaming, follow these tips.
Gaming

How you can share your best gaming moments with friends on the PS4

Check out Digital Trends' quick guide to everything you need to know to save your outstanding PlayStation 4 gameplay moments, share them online, and transfer them to your computer.
Gaming

A beginner’s guide to Far Cry New Dawn’s postapocalyptic Hope County

Far Cry New Dawn is yet another entry in Ubisoft's popular open world shooter franchise. But while it may feel quite similar in motion, the progression system is changed in a lot of ways. Our beginner's guide is here to help.
Gaming

Learn to scavenge like a pro with our Far Cry New Dawn crafting guide

Far Cry New Dawn revolves around the hunt -- the hunt for materials to craft new weapons, vehicles, and other useful items. It's easy to miss out on great opportunities to find new materials if you don't go off the beaten path.
Gaming

Here's our take on the best game-streaming services currently out there

You can still get your physical video game discs or cartridges at your local store or download games digitally, but another option is even more convenient: Game streaming. Here are the best game streaming services.