The computer game developer Valve abandoned the use of bitcoin in early December and is considering options for using Litecoin to pay for online games and the Steam service.
Litecoin ranks honorably fifth among the world's leading digital currencies. The speed of transactions and relatively small commissions make this cryptocurrency attractive for many business projects. The sharp rise in value from $100 to $400 also added to Litecoin’s popularity.
Litecoin has not been ignored in the gaming industry. Given the great demand for digital currency in virtual games and e-sports, Litecoin has every chance to fill this niche. This is what Valve’s online distribution service for computer games and software, Steam, hopes to prove. Until recently, Valve used bitcoin for these purposes, but the high cost, unstable exchange rate and lengthy transactions did not satisfy the needs of gamers. When purchasing a game, gamers want to start playing immediately rather than sit waiting for a transaction for more than an hour.
Steam support will add significance to Litecoin and give new impetus to the development of its technology. Litecoin owners can also use this digital currency for payments on many resources related to the online gaming industry, such as DMarket, Game Protocol, DremTeam, etc.
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