Pay for Steam games using bitcoins
BitPay has announced a partnership Valve to offer Steam players a ' faster, safer payment method.'
As of today—right this minute, even—you can purchase Steam games using credit cards, PayPal, and bitcoins. Rory Desmond, director of business at bitcoin payment service provider BitPay, laid out details for the company's new partnership with Valve.
"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," Desmond explained. "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."
Desmond pointed out that credit cards and other traditional payment methods aren't available in many countries where players want to purchase PC games through Steam. By integrating bitcoins into Steam, players can load their wallet with a safe and fast form of currency.
"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," Desmond concluded.
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replyDavid Craddock posted a new article, Pay for Steam games using bitcoins
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Huh...
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So, has Steam tapped out the domestic market? Although, I could see why a business would just favor a universal currency over local and not have to lose anything in dealing with exchange rates. Although, for now, there's still the eventual exchange rate to convert bitcoin into USD. Unless they're able to spend those bitcoins somehow.
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