First transaction ever in Steam (video)

[h3rlihy]

This is awesome. With steam being so widely used it's great that it's going to accept bitcoin

[prettybuds]

It's a good thing for Steam. And a good decision too.

[bittrojan]

i'm not gamer,and i never use steam account to buy something digital,but i see this is will be good move for bitcoin to reach people that love bitcoin and game,but also i' wondering about the effectivity,is this is good way to make bitcoin more popular?

[znickelbackz]

i'm not gamer,and i never use steam account to buy something digital,but i see this is will be good move for bitcoin to reach people that love bitcoin and game,but also i' wondering about the effectivity,is this is good way to make bitcoin more popular?

yes, it is. and it is a good way to make steam more popular, and to make game more popular.
why don't you try to play game, become a gamer, try steam?

[intec]

I wonder if steam wants to become a "bank" and put available an cashout option.  

[Hazir]

It's good that steam is accepting Bitcoin, but is there a real advantage to paying with Bitcoin over with card/paypal in Steam?

Is there a discount ot something? otherwise it is just a nice extra place to be able to use Bitcoin.

Nice extra place? Steam is the most regarded, the most famous and the biggest online gaming shop on our planet. It is not 'just another place' for spending your bitcoin.
Steam platform is used by almost 90 million gamers. Steam reaches 237 countries, and its more than 9,000 different games. This news is huge.

[OmegaStarScream]

I have a question guys , anyone know what steam are doing with those funds ? I suppose they are exchanging them instantly to cash ? If it's the case then what's the point exactly (of accepting bitcoin on first place)?

[traderbit]

https://www.youtube.com/watch?v=Nvz4o10fGFI

Anyone else did see this? I was excited to see this because I was at work and I couldn't be one of the first to do it, so I watched it and thought damn, it's really fast. It's in fact instantaneous to get 100$ on there and start buying games, skins, cards, anything you want. Bitcoin works great for mainstream use now and it will only get better, in a couple of years all those kids will be buying with the Bitcoin they make on the internet with their content.

This is pretty cool, i read that they will soon launch the bitcoin payment system and from the video i see that it is pretty fast through bitpay, now i hope the price of bitcoin will be increased

[jpdorn]

I have a question guys , anyone know what steam are doing with those funds ? I suppose they are exchanging them instantly to cash ? If it's the case then what's the point exactly (of accepting bitcoin on first place)?

steam or her partners dont touch bitcoins, Bitpay instantly converts the bitcoins in to local currency of the users.The point as seen in BitPay blog is that steam are allow users for emerging markets like India, Brasil, uses a currency , where credit cards or other payments are not avaliable:
https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/

[Herbert2020]

I have a question guys , anyone know what steam are doing with those funds ? I suppose they are exchanging them instantly to cash ? If it's the case then what's the point exactly (of accepting bitcoin on first place)?

steam or her partners dont touch bitcoins, Bitpay instantly converts the bitcoins in to local currency of the users.The point as seen in BitPay blog is that steam are allow users for emerging markets like India, Brasil, uses a currency , where credit cards or other payments are not avaliable:
https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/

it doesn't matter what they do with the bitcoin they receive because it is just creating more popularly and adoption for bitcoin in the gaming community with one of the biggest gaming platforms in the world. also you never know what they are doing with the bitcoin, bitpay has an option to receive the bitcoin instead of bank transfer of fiat

[DimensionZ]

I have a question guys , anyone know what steam are doing with those funds ? I suppose they are exchanging them instantly to cash ? If it's the case then what's the point exactly (of accepting bitcoin on first place)?

Valve uses BitPay to offer Bitcoin as a payment option to their customers on Steam. They receive money in their bank accounts right after each sale because the price of Bitcoin right now is too volatile and presents a risk to Valve should they decide to keep the coins. BitPay is converting everything behind the scenes for a fee of course. Now I think Valve wanted to extend their Steam shop to untapped markets where credit and debit card purchases aren't very popular.

[ObscureBean]

Oh wow that's a nice surprise  haven't logged into my Steam account in the past week, I was thinking it would be months before they actually start accepting Bitcoin. Have any of you guys tried crediting your Steam account using Bitcoin from a local wallet? I'm wondering if it would be as fast. I have my Bitcoins with Coinbase and it's always been fast but if the Bitcoin is coming from a local wallet, wouldn't they have to wait for 2 confirmations just to be sure?

[Metadextrous]

I've tested it, and it's really fast. now i've bought three games wth my bitcoin (damn, that sales were harsh xD). It's like a dream come true for me because using bitcoin is easier than using cards.

Praise the lord Gaben.

[ahmedjamal1998]

This is just so awesome!!  It's just becoming just more and more exciting and fun watching the bitcoin-accepting network increasing greatly in very short time.

Viva bitcoins.

[Mister305]

i take it steam doesnt take bitcoin anymore?

[JasonXG]

I have a question guys , anyone know what steam are doing with those funds ? I suppose they are exchanging them instantly to cash ? If it's the case then what's the point exactly (of accepting bitcoin on first place)?

steam or her partners dont touch bitcoins, Bitpay instantly converts the bitcoins in to local currency of the users.The point as seen in BitPay blog is that steam are allow users for emerging markets like India, Brasil, uses a currency , where credit cards or other payments are not avaliable:
https://blog.bitpay.com/load-your-steam-wallet-using-bitcoin/

It is a great idea though and it works. Steam is the main flatform all gamers use. Its like having bitcoin there makes a huge difference and people will see it on the payment page and possibly could be interested and google bitcoin and then become part of the community. Also it creates lots of bitcoin trannsaction.

[Jeremycoin]

i take it steam doesnt take bitcoin anymore?

What do you mean? Steam does still take Bitcoin as the payment method. Where did you get the information from, and why does Steam will do that?

[Astvile]

Im a user of steam client and i found this thing steam accepting bitcoin is interesting.Its fast and reliable and easy way to buy steam wallet funds.And this helps me and other people to easily fund our wallet withouy going into a store to buy an steam card.