[PragmaticPulp]

> For example, someone in africa could pay .001 BTC($40 currently) for a game and all steam would see on their end is a debit transaction for $40(cash not bitcoin) in their account.

Transaction fees and exchange fees will diminish that received value and force the customer to pay a fee to pay for something.

The net cost of Bitcoin transaction fees and exchange fees is higher than just using a random, common credit card processing company. It’s also slower for users.

Let’s be real: Gamers don’t really want to pay extra transaction fees for the privilege of sending Bitcoin and waiting as much as an hour or more for the transaction (my latest Bitcoin payment took longer than an hour) before they can play their game. Not when they can type in a credit number and get it done right away for 0 fees (or negative fees with reward cards)