Bitcoin technology and payment processing company BitPay has announced a new partnership with a gaming giant. On Wednesday, the company announced a payment integration with software and gaming expert Valve which will bring bitcoin payments to Steam gamers.
Founded in 1996, Valve’s Steam platform is used by over 89 million gamers. Steam reaches 237 countries, and its more than 9,000 different games include titles like Counter-Strike: Global Offensive, Civilization V, XCOM 2, and Fallout 4.
Valve has reached out to BitPay because 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 are not available. As the Internet’s universal currency, Bitcoin will enable Steam to reach gamers in every market across the world. Thanks to Steam’s bitcoin integration, customers will be able to use any bitcoin wallet to scan, pay, and get back to gaming in seconds without having to provide sensitive financial information.
In February this year, BitPay announced a partnership with another online gaming giant – Wargaming.
For the latest announcement from BitPay, click here.