Is Steam gaming platform ready for Bitcoin?
Steam is an online gaming platform, one of the market leaders in gaming platforms offering a catalog of PC, Mac and Linux games. A game bought in the Steam store can be played anywhere, on any PC that has the Steam platform installed. In 2015 Steam reported that they had over 125 million active users.
Bitpay is a global bitcoin payment service provider. Providing payment processing services for merchants, and is one of the largest bitcoin payment processors.
According to Reddit poster Haoose, BitPay will be integrated with the gaming platform Steam. The transcript Haaose provided is from the Steam translation server. A few months ago Haoose has placed a post on Reddit informing us about an escrow service coming to Steam that was not announced by Steam itself at that moment. Today we all know that Haoose was in the end correct on the escrow service.
A year ago the CEO of Steam, GabeNewell replied to a Reddit AMA question whether or not cryptocurrencies would be accepted as a form of payment on the gaming platform Steam. His response at that time was;
”There are two related issues: one is treating a crypto-currency as another currency type that we support and the broader issue is monetary behaviors of game economies. The first issue is more about crypto-currencies stabilizing as mediums of account”
A few weeks ago BitPay partnered with OPSkins, a gaming platform evolved around CounterStrike: Global Offensive (CS:GO). Followed by a partnership with Gaming Giant Wargaming only a few days ago.
As BitPay is already accepted by the other online gaming platforms, this could be a logical step for Steam to also integrate Bitcoin in order not to lose market share.