<h5>Valve&#8217;s popular digital platform &#8220;Steam&#8221; will no longer accept Bitcoin as a payment method. The reason for this call lies in high fees and volatility of this popular cryptocurrency value.</h5>
<p><a href="https://www.wincert.net/wp-content/uploads/2017/12/bitcoin-2007769_640.jpg"><img class="alignnone wp-image-2371 size-full" title="bitcoin" src="https://www.wincert.net/wp-content/uploads/2017/12/bitcoin-2007769_640.jpg" alt="bitcoin" width="640" height="449" /></a></p>
<p>Valve company started accepting bitcoins back in April 2016 when the Bitcoin was worth around $400. Today, when its value raised over $15,000.00 Valve said that fast-changing valuation makes this cryptocurrency untenable.</p>
<p>Transaction fees for Bitcoin transactions peeked to $20 last week, while they were only $0.20 during the time when Steam started using the currency. Without the control of these costs, customers were paying unreasonably high prices for game purchases using this currency, says Valve.</p>
<p>Since Bitcoin price is changing rapidly, the amount of Bitcoins needed for completing a purchase can change significantly from the start of the purchase to its completion. These quick value changes resulted in the need to send a partial refund to customers or asking them to transfer additional funds to cover the balance. For each additional transaction, logically, a fee has to be paid.</p>
<p>Valve noted that at this point it has become untenable to continue to have the Bitcoin as the payment option. The company may re-evaluate this cryptocurrency as a payment option at a later date.</p>