Steam drops Bitcoin payments, blaming high fees and volatility

While Bitcoin is growing in value and attracting more and more capital, it is hard to make a case for it as a payment method these days. Sure, you can buy things with Bitcoin, but fact of the matter is it lacks mainstream appeal among businesses -- at least right now. It is easy to see why: it's incredibly volatile and the fees are high too. So, if you want to buy something with Bitcoin you will probably pay more than if you were to use dollars or euros, for instance. This is something that Valve has experienced as well… [Continue Reading]