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    Tech: One of the world’s biggest video game services, Steam, has stopped accepting bitcoin because it’s so volatile

    Steam said the transaction fees on purchases fluctuate too much.
    Steam is one of the most popular gaming services in the world, with 67 million monthly active players, putting it head-to-head with Sony’s PlayStation Network.
    Steam, owned by Valve Corporation, sells PC games through an online store.
    It has just canned support for bitcoin payments because the cryptocurrency is too volatile.
    Valve engineer Kurtis Chinn said this meant transaction fees for customers buying games went up and down too quickly as bitcoin fluctuated in value.
    Steam first began accepting bitcoin in April 2016.
    Hugely popular gaming store Steam has stopped accepting payments for games in bitcoin because the cryptocurrency is too volatile.
    In a blog post announcing the changes, Steam engineer Kurtis Chinn wrote: “As of today, Steam will no longer support Bitcoin as a payment method on our platform due to high fees and volatility in the value of Bitcoin.

    …..Full News from source

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