Those are all really good questions, I don’t really know the answer to. Not all coins have the wild spikes like bitcoin. Monero has been fairly stable. I haven’t listened a game before, but I’m pretty sure you can pick which currency you want to get paid in. The conversion rates would be roughly the same for crypto.
However, Valve is no stronger to imaginary digital assets that wildly fluxuate in real world value. If there was any company that could figure out how to process crypto I think it would be them.
They know exactly how to do it as they did it before but had to stop because the bitcoin network was artificially congested with insane fees and it caused failed transactions or multi hour long transactions where the price dramatically changed. This resulted in complicated refunds or delays which resulted in unhappy customers.
They can avoid that all now by simply accepting stable coins like USDC. For every issued usdc there is 1 usd in a bank account somewhere. The value barely fluctuates. There are networks that can handle the volume this would create without getting congested nowadays as well.
Given the mess that happened last time though I imagine they are highly reluctant, although this could be enough motivation.
Those are all really good questions, I don’t really know the answer to. Not all coins have the wild spikes like bitcoin. Monero has been fairly stable. I haven’t listened a game before, but I’m pretty sure you can pick which currency you want to get paid in. The conversion rates would be roughly the same for crypto.
However, Valve is no stronger to imaginary digital assets that wildly fluxuate in real world value. If there was any company that could figure out how to process crypto I think it would be them.
They know exactly how to do it as they did it before but had to stop because the bitcoin network was artificially congested with insane fees and it caused failed transactions or multi hour long transactions where the price dramatically changed. This resulted in complicated refunds or delays which resulted in unhappy customers.
They can avoid that all now by simply accepting stable coins like USDC. For every issued usdc there is 1 usd in a bank account somewhere. The value barely fluctuates. There are networks that can handle the volume this would create without getting congested nowadays as well.
Given the mess that happened last time though I imagine they are highly reluctant, although this could be enough motivation.