Patch 9.0.5 Ptr
Valor Points can also be used to purchase crafting materials in Oribos
Returning in patch 9.0.5, Valor Points are primarily going to be used to upgrade the weapons and armor that you get from Mythic Keystone dungeons, but Blizzard is also including a way to spend if you don't have any M+ gear that you can upgrade.
What’s coming to the game in WoW patch 9.0.5
The first patch for Shadowlands will be patch 9.0.5, currently on the Public Test Realm (PTR) with an expected go-live date in March.
When will WoW patch 9.0.5 be released?
Patch 9.0.5 went onto the PTR earlier this month, but it will be released on live realms this March, in just a few weeks.
Valor Points make their return in patch 9.0.5, expected to release in March
The patch 9.0.5 PTR is now live, and it's a system focused affair, with bug fixes for issues that couldn't be hotfixed and a whole new system for upgrading items that drop in Mythic+ dungeons.