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They want to avoid confusion, so they called it a wallet. There is no rule that something has to be called credit and unlike points it is a 1/1 ratio.
Credit, Credit Card, Store Credit, Credit Check. Credit is already over used.
You use the money you put in it as real money.
It even keeps the ammount and coinage you put in it (Put $2 on your steam wallet, you get $2 on your Steam wallet, not '2.000 Steamoniums')
It looks like a duck, walks like a duck... let's call it an orange.
Steam wallet is fine.
He said 2.0 (with a few extra zeros), not 2000. ...Unless he's one of them Europeans, I guess :P