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Debit cards still go through MasterCard and/or Visa. They could take crypto, but crypto is far too volatile for the types of transactions Valve wants to be hand
by ascagnel_ 1y ago
Debit cards still go through MasterCard and/or Visa. They could take crypto, but crypto is far too volatile for the types of transactions Valve wants to be handling.
- wiseowise 1y agoWhat they mean is that you top up your Steam credit and rest is between you and Steam.
- alexvitkov 1y agoVolatility isn't an issue for the merchant - prices can be adjusted in real-time based on the cryptocurrency's value at the time of purchase, and if they don't want to be exposed, they can sell it immediately on purchase. Whether or not Valve would want to encourage people to pay with crypto and expose their customer base to its volatility is another matter.
- ascagnel_ 1y agoIn a world where people need both fiat and crypto, the volatility of crypto precludes returns.
- creer 1y agoBesides being able to change prices (whether USD or bitcoin) in real time, Valve is also selling bits and global data center activity. Their prices are very disconnected from other prices to begin with. Not like if they were selling tomatoes at cost plus living wages. Plus or minus 10% from one day to the next is not necessarily relevant on a sale to sale basis.