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 quicker and cheaper than conventional bank card funds.
“When customers choose to pay in bitcoin instead of credit cards, we are saving about 50% in our processing fees,” Edwards mentioned. “This means that bitcoin is a win for the customer, it’s a win for us as a merchant, and it’s a win for the bitcoin community.”
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 allows us to meet our customers where our customers are,” Edwards mentioned. “We were seeking to provide our customers with another viable option by which to pay for our products. We understand that allowing customers to pay with bitcoin alongside cash and credit cards, puts bitcoin on par with those methods, those other globally accepted payment methods.”
Edwards added that you would be able to purchase greater than only a burger and beef tallow fries along with your bitcoin at Steak n’ Shake – the corporate can 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 expertise to convey its meals into the longer term — together with robo-taxis, cyber-chefs, and drones.
