Categories: CryptoNews

Steam Update Confirms Impending Bitcoin Integration

It has been coming for quite a long time now, but Steam officially announced the impending Bitcoin payment integration earlier today. After the code was initially discovered in a beta client release, it looks like the Bitcoin implementation is coming to fruition rather soon.

Also read: Smsogram Offers Private Mobile Phone Numbers For Bitcoin

Steam And Bitcoin Are Ready To Take Off

In an announcement earlier today, Steam once again confirmed they will be integrating Bitcoin payments on the platform in the next official client update. No official date has been revealed just yet, but considering how this client has been in beta for quite some time, a release should be imminent.

As users have come to expect, Bitcoin payments will be integrated throughout the entire Steam platform. This gives users the ability to buy games directly with Bitcoin, as well as buy and sell goods on the Steam Marketplace with Bitcoin. A global currency for a global community of gaming enthusiasts will help boost cryptocurrency awareness for sure.

There is no denying Bitcoin is becoming a global trend all over the world, and Valve does not want to miss out on this golden opportunity. Frictionless global payments at a fraction of the cost are beneficial to both the Steam platform and all of its users. Moreover, the company is using an external Bitcoin payment processor –

Related Post
BitPay, as leaked earlier – to accept and convert all payments to local currency on the spot.

What makes this integration so appealing is how existing Steam users have nothing to set up, as everything will be built into the client itself. All countries will be supported, as there are no agreements with financial players needed, nor is there any specific legislation that would prevent them from using the service.

Moreover, users and game publishers looking to sell items do not need to set a standard Bitcoin price, as all of this will be handled through BitPay API integration.

Valve has no intentions to hold or receive Bitcoin right now, but depending on how well the integration is received, that situation might change in the future.

Source: Imgur

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

2 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

2 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

3 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

3 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

7 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

8 hours ago