LAS VEGAS, Nevada — Steak n’ Shake has solely been accepting bitcoin funds for 2 weeks, however the American quick meals chain’s COO Dan Edwards mentioned it’s already been a “win” for each the corporate and its prospects.
Talking at Bitcoin 2025 in Las Vegas on Tuesday, Edwards mentioned that bitcoin funds have been sooner and cheaper than conventional bank card funds.
“When prospects select to pay in bitcoin as a substitute of bank cards, we’re saving about 50% in our processing charges,” Edwards mentioned. “Which means that bitcoin is a win for the client, it’s a win for us as a service provider, and it’s a win for the bitcoin group.”
Edwards mentioned that on Could 16, the day Steak n’ Shake started accepting bitcoin funds, one in each 500 bitcoin transactions globally occurred at Steak n’ Shake.
“Accepting bitcoin permits us to fulfill our prospects the place our prospects are,” Edwards mentioned. “We have been searching for to supply our prospects with one other viable possibility by which to pay for our merchandise. We perceive that permitting prospects to pay with bitcoin alongside money and bank cards, places bitcoin on par with these strategies, these different globally accepted fee strategies.”
Edwards added you can purchase greater than only a burger and beef tallow fries along with your bitcoin at Steak n’ Shake – the corporate can also be permitting would-be franchisees to buy their franchises with bitcoin.
Using the success of bitcoin funds, Edwards mentioned the corporate is on the lookout for different methods it may well embrace know-how to carry its meals into the long run — together with robo-taxis, cyber-chefs, and drones.
