Steam drops Bitcoin support due to volatility and $20 transaction fees

“In the past few months we’ve seen an increase in the volatility in the value of Bitcoin and a significant increase in the fees to process transactions on the Bitcoin network,” wrote Chinn. “For example, transaction fees that are charged to the customer by the Bitcoin network have skyrocketed this year, topping out at close to $20 a transaction last week — compared to roughly 20 cents when we initially enabled Bitcoin.” - Jeff Grubb, VentureBeat [via/web:http://streaming-tv.us]