Steam is no longer supporting Bitcoin

Re:Steam is no longer supporting Bitcoin by fb03 on Thursday December 07, 2017 @06:58AM (#15869316)

I agree, but one has to consider that in this example, since Bitcoin acceptance in businesses isn't that widespread, the receiving side would still need a gateway to convert that money back into fiat currency, and would also incur some sort of fee.

So essentially in these use cases you are just offsetting the chain of custody a few steps later.

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Re:Steam is no longer supporting Bitcoin by speedplane on Thursday December 07, 2017 @07:09AM (#15869370)

You're removing a huge link in the chain of custody, on that is likely the most fraught with fraud and security: the cross-border transaction part. It does not solve the problem all together, but it makes moving large sums around far easier and faster.

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