Valve gets pressured by payment processors with a new rule for game devs and various adult games removed
vithigar @ vithigar @lemmy.ca Posts 0Comments 519Joined 2 yr. ago
vithigar @ vithigar @lemmy.ca
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They accepted BTC for a while but stopped. The other comment here mentioned the transaction fees being a problem for purchases on the scale of steam game prices, but it wasn't just that. A big problem was crypto volatility and transaction processing time. They found that very often by the time a transaction cleared the value had swung enough that they were getting amounts that failed to align with the actual prices of the games people were buying.
It's more stable now, so maybe that would be less of a problem, but I feel it highlights a big problem with crypto in general and that is that even when you do find places that accept crypto nothing is priced in crypto. It's basically always just a proxy for USD using whatever its current market value is.