Valve Corporation announces that Steam, the world's largest PC gaming platform, will stop accepting Bitcoin as payment for games. Valve cited extreme price volatility and high transaction fees as the reasons, noting that fees had risen to nearly $20 per transaction during the 2017 bull run. Steam had first begun accepting Bitcoin in April 2016 through BitPay. The move became a cautionary example for Bitcoin critics and a rallying cry for those building the Lightning Network as a solution to on-chain scaling challenges.
Steam: Removing Bitcoin Payment Option