Manage and spend your Bitcoin with the BitPay App, and turn Bitcoin into dollars with BitPay's Prepaid Mastercard ®. Created with Sketch. Shop Buy Crypto + 1.5% $9,255.23 BTC Bitcoin + 2.7% $368.08 BCH Bitcoin Cash + 0.5% $177.21 ETH Ethereum + 0.5% $0.2050 XRP XRP Exchange Rates + 2.5% $10,463.01 Total cash value Home. BitPay CEO and Co-founder Stephen Pair said, “As the use of DeFi protocols and DApps continues to gain steam, we wanted to offer BitPay users a safe, secure way to interact with them. Today we're announcing a new payment integration with software and gaming giant Valve which will bring bitcoin payments to Steam gamers worldwide. Founded in 1996, Valve's Steam platform is used by more than 89 million gamers. BitPay Brings Bitcoin Payments to Valve’s Online Gaming Platform Steam Traderman April 27, 2016 Crypto, News Bitcoin payment firm BitPay has announced a partnership with gaming giant Valve. I had high hopes for BitPay, but, I'm done with BitPay. I had high hopes for BitPay. But, after two years of dealing with them, I'm done. First, remember, for 90% of the issues I faced, I was always on my own. There is no live person to help you with anything related to the app, the debit card, or a BitPay wallet. Believe me, you are on your own.
BitPay and Valve have teamed up to bring the currency Bitcoin to gaming network Steam. The announcement was posted on BitPay's website, stating that Valve approached them about finding another option for countries like India, China, and Brazil. Often, these countries are unable to use credit cards as a payment option. Users will be able to use any bitcoin wallet to scan and pay for games or other items without revealing sensitive financial information via software from Bitpay.
Many initially thought of the digital currency as a great payment method and investment, but Bitcoin’s volatile price has been up and down. Peaking at over $1000 in 2013 and dropping to below $200 in 2015 has hurt its market. Bitcoin has been growing in usage even with the drop in value. According to Blockchain.info, the daily usage of bitcoins nearly hit 250,000 this month. Visual studio 2019 intellisense errors.
Bitpay Steam Mop
Steam allows gamers to purchase games from their library of over 9,000 games. With over 89 million users on steam, reaching 237 countries this is going to allow one of the biggest gaming networks to reach even more users.
When Steam announced they started to accept Bitcoin payments, the community was over the moon with excitement. This was yet another major player accepting cryptocurrency, further validating this revolutionary payment method. Now that the platform is once again accepting zero-confirmation transactions, all seems to be well with the world.
Steam Is Back In The The Bitcoin Game
For quite some time, the Steam platform insisted on having at least one Bitcoin network confirmation before a purchase would be completed. Albeit this is not a major issue for most people, it could take up to ten minutes until this happened. Keeping in mind how they rely on BitPay to process payments, this decision seemed a bit weird.
Lo and behold, things have shifted back to their standard procedure once again. Steam purchases are completed as soon as transactions hit the network, to much joy of Bitcoin community members. No one wanted to wait 10 minutes before a game starts downloading, a process that can take up quite some time as well.
For now, it remains unclear as to what has caused this transaction confirmation switch. There was no official communication from either Steam or BitPay regarding this change.It is possible the company was experimenting with some settings, although it seems a bit odd to do so.
Requiring zero confirmations for transactions is often seen as a security risk. Bitcoin double spends may occur at any given time. This is why Steam has partnered with BitPay to process cryptocurrency payments. If a double-spend were executed, the payment processor would be responsible for any financial losses.
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To be more precise, BitPay would be held responsible based on which risk settings Valve has set for the Steam platform. It is good to see the platform process Bitcoin payments quicker again. We can only hope to see some statistics regarding Bitcoin usage on the Steam platform in the future.
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Bitpay Steamboat
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