Valve's Steam, the most popular PC gaming online store and launcher, started accepting Bitcoin (BTC) April 2016. At the time, Bitcoin was worth around $450.
Now, as you know, Bitcoin had some wild price changes soon after, and thus it's of no surprise that it became an issue not only for Valve, but also their customers.
An example to illustrate the problem at hand: Say you want to buy a game worth $30. You would transfer Bitcoin worth $30, but as soon as you make the payment, the value drops, and now you need more Bitcoin to complete the payment. On the contrary, if it rises, Valve will need to refund some of the Bitcoin back to you.
It becomes very clear here how that can be a hassle to manage.
There is also another problem with Bitcoin and that is the common complaint of high transaction fees. A higher transaction fees means that some purchases that do not cost high enough become unfeasible to purchase using Bitcoin.
It becomes even worse when you consider the previous issue of sudden price changes. If the price lowers, you will need to pay more Bitcoin, and thus need to transfer this additional amount, and again getting charged for the transaction. Similarly, if the value goes up, Valve will need to refund some amount to you and they get charged with some transaction fees.
So, as you can guess, what happened is that in December 2017, when the value of Bitcoin was around $14,800, Valve finally dropped support for Bitcoin stating the above issues as the factors that lead to them making this decision.
This is where Bitcoin Cash (BCH) comes in, Bitcoin Cash is both relatively stable and has very low transaction fees. Pretty clear how it's virtually free from the drawbacks that Bitcoin offered.
Okay then, what's exactly stopping Valve from picking up Bitcoin Cash, then? Truth be told, nothing in particular besides some inertia.
I believe that if enough people show their support, it can absolutely happen. Valve accepting it will be a huge step towards Bitcoin Cash becoming more mainstream, which is something I am sure a lot of people would desire.
Thanks for reading. If you want to show your support, please pass this article around!
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