Reason[45]: Online Retailers Have Stopped Accepting Bitcoin Online retailors who once joined the Satoshi revolution and pledged to support this payment system are now forced to step back and reconsider their decisions. Only three of top 500 online retailers are accepting bitcoin. Merchants are now reluctant to accept bitcoin as a payment method due to its scary volatile price and high transaction fees. Surprisingly just last week, the second most popular gaming store Steam has stopped accepting bitcoin payments for games , saying the cryptocurrency is extremely volatile and transaction fees are way expensive. 2.24 2.23 2.22 2.21 2.20 2.19 2.18 2.17 2.16 2.15 2.14 2.13 2.12 2.11 2.10 2.9 2.8 2.3 2.4 2.5 2.6 2.7 2.2 2.1 2.0 1.0 Steam started accepting bitcoin in April 2016 but just within a year, it could not resist to accept the fact that bitcoin surely does not qualify to be called a currency. In a blog post , Kurtis Chinn, an engineer at Steam, wrote, “As of today, Steam