Tag: Valve

Steam wasn’t accepting Bitcoin for long due to its volatility and ‘50% of transactions were fraudulent,’ says Gabe Newell, the Valve president. Bitcoin was adopted as a payment method on Steam in April 2016. However, it was removed in December 2017 due to the volatility of cryptocurrency’s price and “a significant increase in the fees…

Valve has issued an update to Steam‘s rules that forbids blockchain-based games, which allow NFT and crypto trading. The developer says Valve is removing blockchain games ‘because NFTs have value.’ Studio SpacePirate Games said Thursday on Twitter that Valve would remove all blockchain games from the Steam platform. A screenshot of Steam’s developer rules and…