According to latest reports, publishers on Valve Corporation’s Steam video game delivery platform have received an email from the company stating that it will soon start accepting Bitcoin.

The growing popularity of bitcoin was cited as the reason that led the company to add it as a payment method. One publisher posted the email text on Reddit:

“Bitcoin support coming soon!

We are excited to announce that Steam is going to start accepting payments via bitcoin.

We’re using an external payment provider to process bitcoin payments to help partners reach more customers on Steam. Bitcoin is becoming an increasingly popular online payment method in some countries, and we’re enabling a system that insulates partners from risk and volatility while still providing value to the end customer.

You do not need to take any action. If customers choose to pay via bitcoin, they’ll still be charged the price already set in the local currency. Here’s how it works:

• The user is charged the local currency price on Steam given their region (eg. £29.99).
• The payment processor converts that £29.99 amount into bitcoin based on a daily exchange rate - so the user pays them in bitcoin, and the processor pays us in traditional currency. At no time does Valve receive or hold bitcoin.
• There is no need to set a bitcoin price or keep track of bitcoin valuation. The purchase price of your product does not change.

We’re looking forward to the update, and we think it makes Steam an even better place to buy and play games.”

CoinJournal has confirmed the news. While the email does not state the name of the bitcoin payment processor which will facilitate the process, Silicon Angle noted that a previous leak on the matter suggested that Valve would go with BitPay, Inc. to add the payment option. Steam users can purchase video games with Visa, MasterCard, American Express, Discover and PayPal.

The time frame for the roll out of this feature remains unknown at the time of writing.