Bitcoin Integration at Steak ’n Shake
At the Bitcoin 2025 conference held in Las Vegas, Dan Edwards, the Chief Operations Officer of Steak ’n Shake, presented the exciting progress his company is making with the integration of bitcoin as a payment method. Highlighting the efficiency of this cryptocurrency, Edwards claimed that bitcoin transactions surpass the speed of conventional credit card payments, enhancing the overall customer experience.
Global Rollout and Processing Fees
Since officially enabling bitcoin payments across all their U.S. locations on May 16, 2025, Steak ’n Shake has expanded its cryptocurrency acceptance globally, successfully introducing it in countries like France, Monaco, and Spain. This international rollout has reportedly halved the processing fees associated with transactions, making it a significant win not just for the company, but for customers opting for bitcoin as well.
Financial Benefits and Transaction Volumes
“By processing transactions via bitcoin, we save about 50% in processing fees compared to using credit cards.”
Edwards pointed out the substantial financial benefits during his keynote speech. This advantage allows Steak ’n Shake to enhance their service offerings while simultaneously cutting operational costs.
With the launch of bitcoin payments, Edwards revealed that the chain represented a significant fraction—two-tenths of 1%—of total global bitcoin transactions on that initial day, underscoring a strong start in the cryptocurrency space. He remarked,
“While bitcoin may be the future, Steak ’n Shake has brought bitcoin into the present, and there’s no question we’ve seen an upsurge in our business.”
Commitment to Innovation
This strategic embrace of bitcoin showcases Steak ’n Shake’s commitment to adopting modern payment solutions and improving operational efficiencies within the food industry. By leveraging the advantages of cryptocurrency, they demonstrate its potential to bring real benefits that could influence trends among similar businesses.
