Why Steam Banned Crypto Transactions and NFT Games from Its Platform
Earlier today, video game developer Valve banned all NFTs and cryptocurrency related games from its Steam platform. Steam is one of the world’s largest video game platforms, featuring a catalogue of thousands of games alongside 25 million daily concurrent players. Steam Removes All Crypto Related Products from Its Store Earlier today, the newly updated Steam […]
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The battle between Steam and Epic Games, two of the most important videogame distribution platforms worldwide, has reached the crypto market. As Bitcoinist reported yesterday, video game developer Vault removed and banned crypto-based games from Steam. The decision was met with a reply from its competitor. Related Reading | How The Apple v. Epic Games Case […]
Bitcoins are now being accepted for videogames, courtesy of a service called Steambits. The web site was launched last month by developer Ryan Connors, a lover of videogames, who wanted to offer a way to purchase them using the cryptocurrency. The web site is effectively a video game resale service. The customer pays for a game in bitcoins, and Connors then purchases it from the relevant party in US dollars, sending it to the customer within 24 hours. The site started by offering games from Steam, the online videogaming portal, which sells games to users via online download. However, it....
“The potential blockchain gaming ecosystem will grow to be orders of magnitude larger than it is now, by the end of this decade," said Enjin CTO Witek Radomski. Digital rights advocacy group Fight for the Future, the Blockchain Game Alliance, Enjin, and 26 blockchain game companies have called out video game corporation Valve for its decision to not allow content related to cryptocurrencies or nonfungible tokens through its Steam marketplace.According to an open letter published by Fight for the Future on Oct. 26, the companies and projects are requesting Valve reverse its decision to....
Steam, a platform that offers instant access to games globally, is no longer accepting bitcoin in Russia, according to customers in the country. The Steam payment page does not include the option to use bitcoin, according to this screenshot provided by a Russian customer. There was nothing about the change in policy for Russia on the company’s website at the time of this report. Steam’s acceptance of bitcoin in April garnered major attention at the time. Bitcoin Disabled. A Steam user who goes by the name ‘Eliot the Cougar’ contacted CCN on Friday after he was no longer able to buy Steam....
With no financial risk to Valve in doing so, and a chance to attract even more customers from all over the world thanks to Bitcoin acting as a global payment instrument, this seems to be a very smart decision at an opportune time. Rumors have started surfacing regarding a possible introduction of Bitcoin to the Steam platform. Gamers from all over the world will be familiar with what Steam has to offer; as it is the largest PC gaming platform in the world today. Code snippets of their new beta client were leaked, and there are various references to Bitcoin to be found. Gaming and digital....