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If you were hoping for yet another way to pay for your favorite games on Steam, well, you're in luck. BitPay announced that, as of today, you can officially do your business on Valve's gaming platform using the currency of the internet, Bitcoin.
Announced yesterday through the BitPay blog, Director of Business Rory Desmond explained that, alongside credit card, PayPal and the like, gamers shopping on Steam can now take advantage of bitcoin payment options, actually making it possible for folks in more regions than ever to get their game on.
Desmond's explanation for why this partnership with Steam makes a heck of a lot of sense. Here in the states, we're spoiled by a variety of ways to get the products we want. If you want to pick up games like XCOM 2, Fallout 4 or Call of Duty from Steam, the methods mentioned above are only a handful of ways you can make those gaming dreams a reality. In other countries, though, paying with credit cards or through services like PayPal are an impossibility.
According to Desmond, Steam representatives actually reached out to BitPay in order to get the ball rolling on this new partnership.
...They were looking for a fast, international payment method for Steam users in emerging gaming markets in countries like India, China and Brazil. While more users are coming online in these countries, traditional payment options like credit cards often aren't available. As the internet's universal currency, Bitcoin will allow Steam to easily reach gamers in every market around the world – without the high fees or the risk of chargeback fraud that come with card payments.
So, in short, so long as you can access the internet and set up a Bitcoin wallet, you'll be able to pay for your games and start downloading with a quickness. This is an issue that I didn't even realize existed, so hearing that there's a way to bypass frustrating limitations is certainly a win for gamers all over the world.
And BitPay plans to use this to build some momentum, too, with Desmond stating that Bitcoin has a “bright future” in the world of gaming and looks forward to partnering up with additional platforms. They've probably got their eyes set on more PC services like GOG, but now I'm wondering if Sony and Microsoft might be potential future partners, too. Again, whatever gets more games into the hands of even more people who want to play them seems like a win.
Most of our readership is based in the U.S., but we'd certainly be interested in hearing from anyone in areas like those mentioned above, regions where it might not be quite so difficult to get your hands on Steam games now that BitCoin has joined the team.