Steam

Valve has partnered with Bitcoin payment service Bitpay to bring everyone’s favorite cryptocurrency to games platform Steam. Bitpay says it was approached by the company because it wanted to internationalize its operation, making it easier for Steam users in emerging markets to to buy games without using a credit card.

“While more users are coming online in these countries, traditional payment options like credit cards often aren’t available,” said Bitpay in a blog post. “As the internet’s universal currency, Bitcoin will allow Steam to easily reach gamers in every market around the world — without the high fees or the risk of chargeback fraud that come with card payments.”

Source: The Verge

Gamers may soon be able to buy their favorite video games with bitcoin, the world’s most popular and valuable cryptocurrency, thanks to a partnership between the digital distribution platform Steam and the payment processor BitPay.

Although neither Steam nor its developer Valve has commented on this development, gamers Tuesday began seeing the option to pay with bitcoin appear when adding credit to their accounts. However, BitPay has published a blog post on the agreement between the parties with Rory Desmond, the company’s head of business development in North America and the Asia-Pacific region, saying it was Valve that contacted his firm about the possibility of facilitating the new payment method.

Source: IBT

RightsTech Extra

The TikTok Follies

By Paul Sweeting

Congress has passed, and President Biden has now signed, a bill requiring ByteDance to sell TikTok to an American buyer or American-controlled company within 270 days (possibly extendable to a year), or face having the app banned from the U.S. Things are not likely to work out quite as neatly as that forced choice would have it. TikTok CEO Shou Zi Chew issued a defiant statement in response to the bill’s passage proclaiming “we aren’t going anywhere,” and vowing to challenge the law in court. “We are confident, and we will keep fighting for your rights in the courts,” he said. “The facts and the Constitution are on our side, and we expect to prevail again.”... Read More >>

You Can Now Buy Games on Steam Using Bitcoin

Valve Begins Accepting Bitcoin As Payment Method On Steam