Valve has no way to control these fees, which can raise the costs of games to unreasonably high amounts that have to be shouldered by customers.
With December being one of the busiest times for the gaming industry, Steams move is an interesting one, but one that raises mild concern for PC gamers on the platform.
At a time when the whole world is going insane over bitcoin, Steam has made a decision to pull the plug on bitcoin transactions because of network congestion, price volatility and exorbitant fees. Due to the constantly rising and falling of value and ever-increasing transaction fees, users will no longer be able to purchase games or add funds to their Steam wallets using the popular cryptocurrency.
Noting that while the cryptocurrency has a history of volatility, Valve goes on to state that "the degree of volatility has become extreme in the last few months, losing as much as 25% in value over a period of days". "This creates a problem for customers trying to purchase games with Bitcoin". There's even the scenario, Valve explains, that as the user or Steam tries to cover the difference in value, the value of bitcoin then changes again, causing more problems. After giving customers a payment time window of several hours for their transaction to confirm on the Bitcoin blockchain, the value of the coin could have already significantly changed.
Many are using this as an example of Bitcoin's limitation as a currency, and pointing to other newer cryptocurrencies (like Ethereum or Bitcoin Cash) with newer technologies - which is the reason why Steam's comments are now being flooded with requests for Valve to accept payments from some of these currencies. The post elaborated by saying that, "In the past few months [Valve's] seen an increase in the volatility of the value of Bitcoin and a significant increase in the fees to process transactions on the Bitcoin network". "This year, we've seen increasing number of customers get into this slate". Valve said it may be brought back at some later date, presumably when (or if) it stabilizes, but at least one economist believes that stabilization will come in the form of a crash, which may make it a moot point anyway. For now, it is focused on resolving pending issues for clients affected by existing underpayments or high transaction fees.
Deadline reports that he's already been working alongside Lin-Manuel Miranda to score The Little Mermaid's live-action version. Should this go through, this would be another film that he and Lin-Manuel Miranda will have worked on together.
Faith Christian holds an annual Toys for Tots campaign and is known to collect the most toys for Toys for Tots, Sannes said. Hyannis Chick-fil-A franchise owner Annemarie Reissner remarked, "We are proud to partner with Toys for Tots ".
Rothschild Asset Management Inc. grew its holdings in Zoetis by 7.4% during the second quarter. (NYSE:ZTS) for 2.30M shares. The company has market cap of $34.49 billion. (ZTS) traded down $0.17 during mid-day trading on Wednesday, reaching $70.85.
Just a couple of miles from the UCLA campus in Bel-Air, the Skirball fire had burned almost 150 acres as of 11 a.m. The Bruins were set to face 5-3 Montana in a low-stakes non-conference game at the Pauley Pavilion.
Pnc Fin Svcs Grp Inc Inc invested in 620,069 shares or 0.05% of the stock. 224,353 are held by American Century Cos Incorporated. ValuEngine upgraded shares of Cone Midstream Partners from a "hold" rating to a "buy" rating in a report on Monday, October 2nd.
Just before their last rites, the family discovered that the baby boy was breathing, the police said. "I was shocked. This case of medical negligence has received significant attention from local politicians.
Capital Growth Management LP owned 0.15% of Morgan Stanley worth $130,541,000 at the end of the most recent reporting period. Finally, Standard Life Investments LTD grew its position in shares of Morgan Stanley by 837.7% during the second quarter.
Rogers still wants sports programming rights, Staffieri said, adding the company does not need to own a team for that reason. The Blue Jays were founded in 1977 and became back-to-back World Series champions in 1992 and 1993.
Pence will first go to Corpus Christi to meet with first responders who are a part of the Hurricane Harvey recovery effort. And while she's been here twice before, tomorrow she travels without her husband, President Trump.
Citing NPCI data, Sengupta said that in October-November period, Tez accounted for 70 per cent of transactions on BHIM UPI. Google at its annual event in India, "Google for India" announced that its play store is among the nation's favourite.
Giancarlo Stanton Trade Offer from Giants Reportedly Revealed
Owed $295 million over the next 10 years trading Stanton is one of the offseason goals for the Marlins new ownership group. Morosi reported on December 3 the Marlins have agreed to the "general framework " of trades proposed by the Giants and St.
Kiss Daniel Set To Drop A New Song Featuring Wizkid
We had earlier reported that Kiss Daniel's estranged label, G-Worldwide, had slammed the YEBA singer with a law suit. Hence, what the court directed is the position of parties under the recording contract has to be maintained.
What Are Analysts Report About Spirit Realty Capital, Inc. (SRC)
This simple numeric scale reads 1 to 5, and it changes brokerage firm Moderate Sell recommendations into an average broker rating. SRC is now undervalued by -7.82% relative to the average 1-year price target of $9.08 taken from a group of Wall Street Analysts.
Mi A1 owners can now apply to join Xiaomi's Oreo beta
A standard disclaimer states that this is not a stable ROM, so expect bugs with the ROM and think twice before you apply for it. This requires that you provide them your IMEI number and then download the Xiaomi MIUI Forum application from the Play Store .
Thomas remembers women who lost their lives to violence
Family members and loved ones of the women slain will also be present, along with every Montrealer who wishes to attend. The names of all 14 victims read aloud, each life remembered, each life senselessly taken all those years ago.
Disney close to $60B deal to buy Fox
The New York Times reports that a deal could be announced as early as next week as talks seem to be moving at a fast pace. Fox Sports Ohio and SportsTime Ohio would likely be rebranded as ESPN networks, which Disney also owns.
Earnings Estimates Revision Trends: Sempra Energy (SRE)
A month ago, they told us to expect earnings of US$1.86 per share while three months ago their EPS consensus estimate was US$1.88. Sempra Energy (NYSE:SRE) closed the last session at $120.49 and sees an average of 1155630.13 shares trade hands in each session.
Firefighters Gain Ground On Rye Fire In Santa Clarita
A separate fire near Hasley Canyon Road and Commerce Center Drive in Castaic broke out just before 10:00 a.m. Wednesday, according to Firefighter Specialist Randall Wright of the Los Angeles County Fire Department.
Airtel, Intex team up to offer bundled 4G smartphones
To become eligible for cashback , users will have to recharge with Airtel's Rs 169 monthly pack, consecutively for 36 months. Airtel has already launched a slew of smartphones including Karbonn A40 and Celkon Smart 4G under this initiative.
N'Zonzi denies Arsenal move
Sevilla want him out, something the Seville press have been saying increasingly over the past week, and N'Zonzi wants to go himself.