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Bitwala adds Steemit’s cryptocurrency Steem

Bitcoin payment service, Bitwala has announced that it has added Steem, the cryptocurrency that powers the social media platform Steemit, to the list of accepted altcoins and cryptocurrencies.

According to the official blog post, Bitwala users can now use Steem to pay for international bank transfers and use it to top-up their Bitwala debit card. Bitwala users can change their Steem into Steem power and use that power to vote on posts they like.

“The rewards are paid out in Steem dollars and also Steem power. One Steem dollar is worth the equivalent of one US dollar in Steem. You can use Steem dollars to buy more Steem power or Steem which can be used like any other cryptocurrency,” the release stated.

In order to use Steem with Bitwala, users have to fill out their payee details and other required information. After furnishing the details, they have to click “Confirm Details” and then choose “Pay With Altcoins”. They can then choose Steem and follow the further instructions on the screen.

Bitwala has been adding new features in its platform recently. It introduced bitcoin wallet today that allows Bitwala users to set up their wallet right from their user account.

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