Steam drops Bitcoin support due to volatility and $20 transaction fees

Bitcoin is causing too many complications for Valve, so the company has announced that it will no longer accept the digital cryptocurrency. Valve runs Steam, which is the the biggest PC-gaming distribution platform outside of China, and it started taking Bitcoin as a payment in April 2016 after talking about the possibility for years. But high fees and the roller coaster market value have convinced Valve to give it up as a viable alternative to traditional payment methods.

In a blog post, Valve engineer Kurtis Chinn lays out its reasons for ditching Bitcoin.